1620 Investment Advisors Inc. Has $1.89 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

1620 Investment Advisors Inc. lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 20,147 shares of the apparel and home fashions retailer’s stock after selling 1,647 shares during the period. TJX Companies makes up about 1.9% of 1620 Investment Advisors Inc.’s holdings, making the stock its 10th largest holding. 1620 Investment Advisors Inc.’s holdings in TJX Companies were worth $1,890,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TJX. Penobscot Investment Management Company Inc. lifted its position in shares of TJX Companies by 35.5% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 73,466 shares of the apparel and home fashions retailer’s stock worth $6,530,000 after purchasing an additional 19,236 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in TJX Companies by 3.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock valued at $56,613,000 after acquiring an additional 21,767 shares in the last quarter. Savoir Faire Capital Management L.P. acquired a new position in TJX Companies in the 3rd quarter valued at approximately $3,197,000. Gateway Investment Advisers LLC raised its holdings in TJX Companies by 42.9% in the 4th quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock valued at $1,793,000 after acquiring an additional 5,737 shares in the last quarter. Finally, Cape Cod Five Cents Savings Bank raised its holdings in TJX Companies by 109.1% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 148,954 shares of the apparel and home fashions retailer’s stock valued at $13,239,000 after acquiring an additional 77,711 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent research reports. BMO Capital Markets upped their price target on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Redburn Atlantic cut TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a report on Monday, February 5th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. TD Cowen upped their price objective on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $112.00 price objective on shares of TJX Companies in a research note on Friday, May 17th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.56.

Insider Activity

In related news, CEO Ernie Herrman sold 20,000 shares of the firm’s 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 sale, the chief executive officer now 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 is accessible through this link. In other TJX Companies 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 transaction of $1,979,600.00. Following 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 SEC, 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 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 in the company, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

TJX Companies Trading Up 3.5 %

TJX traded up $3.42 during mid-day trading on Wednesday, reaching $101.12. The stock had a trading volume of 14,855,603 shares, compared to its average volume of 5,217,752. The stock has a market capitalization of $114.57 billion, a P/E ratio of 26.52, a P/E/G ratio of 2.50 and a beta of 0.87. 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 firm’s fifty day simple moving average is $97.09 and its two-hundred day simple moving average is $94.93. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $104.98.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.76 EPS. On average, equities analysts predict that The TJX Companies, Inc. will post 4.1 EPS for the current year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be paid a $0.375 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.48%. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is 38.86%.

TJX Companies announced that its Board of Directors has approved a share repurchase plan 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.