Syon Capital LLC Acquires 391 Shares of The TJX Companies, Inc. (NYSE:TJX)

Syon Capital LLC lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 6.0% in the fourth quarter, HoldingsChannel reports. The fund owned 6,920 shares of the apparel and home fashions retailer’s stock after buying an additional 391 shares during the period. Syon Capital LLC’s holdings in TJX Companies were worth $649,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Avior Wealth Management LLC raised its holdings in TJX Companies by 3.3% during the 3rd quarter. Avior Wealth Management LLC now owns 3,728 shares of the apparel and home fashions retailer’s stock valued at $331,000 after buying an additional 119 shares during the last quarter. Meridian Wealth Management LLC raised its holdings in TJX Companies by 9.9% during the 3rd quarter. Meridian Wealth Management LLC now owns 7,606 shares of the apparel and home fashions retailer’s stock valued at $676,000 after buying an additional 683 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in TJX Companies by 467.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 21,420 shares of the apparel and home fashions retailer’s stock valued at $1,904,000 after buying an additional 17,647 shares during the last quarter. Boston Trust Walden Corp raised its holdings in TJX Companies by 0.7% during the 3rd quarter. Boston Trust Walden Corp now owns 104,156 shares of the apparel and home fashions retailer’s stock valued at $9,257,000 after buying an additional 775 shares during the last quarter. Finally, Strategic Blueprint LLC raised its holdings in TJX Companies by 9.8% during the 3rd quarter. Strategic Blueprint LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock valued at $604,000 after buying an additional 607 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction 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 sale, the chief executive officer now directly 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 the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total value 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 $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

TJX Companies Price Performance

TJX traded down $0.06 during trading on Friday, reaching $96.36. 3,736,500 shares of the company traded hands, compared to its average volume of 5,058,491. 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 TJX Companies, Inc. has a 12-month low of $75.65 and a 12-month high of $102.84. The firm has a fifty day simple moving average of $97.36 and a 200 day simple moving average of $93.82. The company has a market cap of $109.17 billion, a P/E ratio of 25.00, a PEG ratio of 2.45 and a beta of 0.86.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. During the same period last year, the firm posted $0.89 earnings per share. TJX Companies’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies declared that its board has initiated a stock repurchase plan on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a yield of 1.56%. TJX Companies’s dividend payout ratio (DPR) is currently 34.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. UBS Group upped their target price on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report on Monday, February 5th. Telsey Advisory Group reissued an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. Finally, The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $100.00 to $110.00 in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $102.65.

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.