Yousif Capital Management LLC Cuts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Yousif Capital Management LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 179,635 shares of the apparel and home fashions retailer’s stock after selling 5,337 shares during the quarter. Yousif Capital Management LLC’s holdings in TJX Companies were worth $16,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. FMR LLC increased its position in shares of TJX Companies by 13.1% during the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock worth $4,622,514,000 after acquiring an additional 6,036,764 shares during the last quarter. Schroder Investment Management Group increased its position in shares of TJX Companies by 350.9% during the third quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock worth $184,714,000 after acquiring an additional 1,617,367 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in TJX Companies by 225.6% in the third quarter. Assenagon Asset Management S.A. now owns 2,137,256 shares of the apparel and home fashions retailer’s stock worth $189,959,000 after purchasing an additional 1,480,837 shares in the last quarter. TD Asset Management Inc grew its stake in TJX Companies by 93.2% in the third quarter. TD Asset Management Inc now owns 2,949,415 shares of the apparel and home fashions retailer’s stock worth $262,144,000 after purchasing an additional 1,423,004 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in TJX Companies in the third quarter worth about $115,982,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

TJX Companies Stock Up 0.5 %

Shares of NYSE TJX traded up $0.45 during mid-day trading on Tuesday, reaching $94.53. The company had a trading volume of 5,843,601 shares, compared to its average volume of 5,036,606. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The stock has a market capitalization of $107.10 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86. The stock’s 50 day moving average is $97.43 and its 200-day moving average is $93.79.

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

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.59%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. TJX Companies’s dividend payout ratio is 34.46%.

TJX Companies announced that its board has authorized a stock buyback program on Wednesday, February 28th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were 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 owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, 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.

About TJX Companies

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.