The TJX Companies, Inc. (NYSE:TJX) Stock Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,534,165 shares of the apparel and home fashions retailer’s stock after purchasing an additional 115,304 shares during the period. Charles Schwab Investment Management Inc. owned 0.57% of TJX Companies worth $612,970,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new stake in TJX Companies during the 4th quarter worth about $28,000. BKM Wealth Management LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $30,000. Larson Financial Group LLC increased its stake in TJX Companies by 76.0% in the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock valued at $35,000 after buying an additional 168 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in shares of TJX Companies during the 4th quarter valued at $40,000. Finally, Gradient Investments LLC grew its holdings in shares of TJX Companies by 86.7% during the 4th quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock valued at $45,000 after acquiring an additional 222 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TJX Companies news, 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 transaction of $1,979,600.00. Following the completion of the transaction, 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. In other news, CEO Ernie Herrman sold 20,000 shares of the business’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 value of $1,979,600.00. Following the transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the 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 sale, the executive vice president now owns 50,273 shares in the company, 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.

Analysts Set New Price Targets

A number of analysts recently issued reports on TJX shares. UBS Group raised TJX Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $104.00 to $132.00 in a research report on Thursday, May 2nd. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research note 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 report on Wednesday, February 28th. Finally, BMO Capital Markets boosted their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $104.29.

TJX Companies Stock Performance

Shares of TJX stock traded up $0.45 during mid-day trading on Tuesday, reaching $97.90. The stock had a trading volume of 4,749,316 shares, compared to its average volume of 5,091,767. The firm has a market cap of $110.92 billion, a PE ratio of 25.36, a P/E/G ratio of 2.45 and a beta of 0.87. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The TJX Companies, Inc. has a one year low of $75.65 and a one year high of $102.84. The firm’s 50 day simple moving average is $96.86 and its 200 day simple moving average is $94.23.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $16.20 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. On average, analysts forecast that The TJX Companies, Inc. will post 4.07 EPS for the current year.

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

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a $0.375 dividend. The ex-dividend date is Wednesday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.53%. TJX Companies’s dividend payout ratio is presently 34.46%.

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.