Oakworth Capital Inc. Buys 235 Shares of The TJX Companies, Inc. (NYSE:TJX)

Oakworth Capital Inc. raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,115 shares of the apparel and home fashions retailer’s stock after buying an additional 235 shares during the quarter. Oakworth Capital Inc.’s holdings in TJX Companies were worth $1,043,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Arbor Trust Wealth Advisors LLC raised its position in shares of TJX Companies by 2.4% in the fourth quarter. Arbor Trust Wealth Advisors LLC now owns 22,541 shares of the apparel and home fashions retailer’s stock valued at $2,115,000 after purchasing an additional 530 shares during the period. Everence Capital Management Inc. grew its stake in shares of TJX Companies by 22.0% in the fourth quarter. Everence Capital Management Inc. now owns 37,543 shares of the apparel and home fashions retailer’s stock valued at $3,522,000 after acquiring an additional 6,760 shares in the last quarter. Wealth Alliance grew its stake in shares of TJX Companies by 3.7% in the fourth quarter. Wealth Alliance now owns 14,669 shares of the apparel and home fashions retailer’s stock valued at $1,376,000 after acquiring an additional 517 shares in the last quarter. Buffington Mohr McNeal acquired a new position in shares of TJX Companies in the fourth quarter valued at about $425,000. Finally, Suncoast Equity Management grew its stake in shares of TJX Companies by 5.3% in the fourth quarter. Suncoast Equity Management now owns 25,495 shares of the apparel and home fashions retailer’s stock valued at $2,392,000 after acquiring an additional 1,280 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TJX. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research note on Wednesday, February 28th. BMO Capital Markets lifted their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research note on Monday, February 5th. Finally, UBS Group lifted their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.19.

Insider Activity

In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the transaction, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the sale, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX traded down $0.23 during midday trading on Wednesday, hitting $93.15. 2,310,171 shares of the company’s stock were exchanged, compared to its average volume of 5,013,591. The TJX Companies, Inc. has a 12-month low of $75.65 and a 12-month high of $102.84. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The company has a market cap of $105.54 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 2.39 and a beta of 0.86. The business’s fifty day moving average price is $97.89 and its two-hundred day moving average price is $93.60.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.10. The business had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. TJX Companies’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 earnings per share. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is 34.46%.

TJX Companies declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.