Banco de Sabadell S.A Purchases 638 Shares of The TJX Companies, Inc. (NYSE:TJX)

Banco de Sabadell S.A boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,848 shares of the apparel and home fashions retailer’s stock after purchasing an additional 638 shares during the quarter. TJX Companies makes up 1.6% of Banco de Sabadell S.A’s investment portfolio, making the stock its 27th largest position. Banco de Sabadell S.A’s holdings in TJX Companies were worth $2,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in TJX. Norges Bank bought a new position in TJX Companies in the 4th quarter worth about $1,193,438,000. FMR LLC raised its holdings in shares of TJX Companies by 13.1% in the 3rd quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock valued at $4,622,514,000 after acquiring an additional 6,036,764 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of TJX Companies by 350.9% in the 3rd quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock valued at $184,714,000 after acquiring an additional 1,617,367 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of TJX Companies by 225.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,137,256 shares of the apparel and home fashions retailer’s stock valued at $189,959,000 after acquiring an additional 1,480,837 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of TJX Companies in the 3rd quarter valued at about $115,982,000. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TJX shares. Evercore ISI set a $113.00 price objective on TJX Companies in a report on Tuesday. BMO Capital Markets raised their price objective on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. TD Cowen raised their price objective on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 17th. Telsey Advisory Group reissued an “outperform” rating and set a $112.00 price objective on shares of TJX Companies in a report on Friday, May 17th. Finally, UBS Group raised TJX Companies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $104.00 to $132.00 in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $107.56.

Insider Activity at TJX Companies

In related news, 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 transaction of $266,248.02. Following 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 is available at the SEC website. In related news, 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 transaction of $266,248.02. Following 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 is available at the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction that occurred on 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 sale, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Trading Up 3.5 %

Shares of TJX stock traded up $3.42 during trading hours on Wednesday, reaching $101.12. The company’s 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 TJX Companies, Inc. has a one year low of $75.65 and a one year high of $104.98. The firm’s fifty day simple moving average is $97.09 and its 200 day simple moving average is $94.93. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping 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. Equities research analysts expect that The TJX Companies, Inc. will post 4.1 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a $0.375 dividend. This is a positive change 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 1.48%. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is currently 38.86%.

TJX Companies declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the apparel and home fashions retailer to reacquire up to 2.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are 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.