Calamos Advisors LLC Sells 3,162 Shares of The TJX Companies, Inc. (NYSE:TJX)

Calamos Advisors LLC lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.8% in the fourth quarter, HoldingsChannel reports. The fund owned 381,269 shares of the apparel and home fashions retailer’s stock after selling 3,162 shares during the period. Calamos Advisors LLC’s holdings in TJX Companies were worth $35,767,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at about $27,000. Anchor Investment Management LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at about $28,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of TJX Companies in the third quarter valued at about $29,000. BKM Wealth Management LLC bought a new stake in TJX Companies during the fourth quarter worth about $30,000. Finally, Cornerstone Planning Group LLC bought a new stake in TJX Companies during the second quarter worth about $33,000. Institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction that occurred 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 sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.5 %

TJX Companies stock traded down $0.47 during mid-day trading on Thursday, hitting $92.66. The company had a trading volume of 3,290,673 shares, compared to its average volume of 5,024,709. 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 stock’s 50 day moving average price is $97.80 and its two-hundred day moving average price is $93.59. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84. The company has a market capitalization of $104.98 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The company had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. During the same period last year, the firm posted $0.89 earnings per share. TJX Companies’s revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies declared that its board has initiated a share buyback plan on Wednesday, February 28th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.62%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is presently 38.86%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TJX. Redburn Atlantic cut 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 report on Monday, February 5th. BMO Capital Markets upped their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. UBS Group boosted their target price on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a research note on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $102.19.

TJX Companies 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.