Deane Retirement Strategies Inc. Buys Shares of 30,957 The TJX Companies, Inc. (NYSE:TJX)

Deane Retirement Strategies Inc. acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,957 shares of the apparel and home fashions retailer's stock, valued at approximately $2,904,000. TJX Companies comprises about 1.6% of Deane Retirement Strategies Inc.'s portfolio, making the stock its 21st largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of TJX. ICA Group Wealth Management LLC purchased a new stake in TJX Companies in the fourth quarter worth about $27,000. Anchor Investment Management LLC purchased a new stake in shares of TJX Companies during the fourth quarter valued at approximately $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of TJX Companies during the third quarter valued at approximately $29,000. BKM Wealth Management LLC purchased a new stake in shares of TJX Companies during the fourth quarter valued at approximately $30,000. Finally, Cornerstone Planning Group LLC purchased a new stake in TJX Companies in the second quarter worth approximately $33,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Up 0.3 %

Shares of NYSE TJX traded up $0.34 during midday trading on Thursday, reaching $101.42. 4,774,144 shares of the company's stock traded hands, compared to its average volume of 5,062,317. 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 stock's 50 day simple moving average is $97.61 and its 200-day simple moving average is $92.94. The TJX Companies, Inc. has a one year low of $75.65 and a one year high of $102.84. The company has a market cap of $114.97 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 2.56 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.10. The company had revenue of $16.41 billion during 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%. TJX Companies's revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $0.89 earnings per share. On average, analysts predict that The TJX Companies, Inc. will post 4.06 EPS for the current fiscal year.

TJX Companies declared that its board has authorized a stock 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 purchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

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

Insider Buying and Selling at TJX Companies

In other news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Ernie Herrman sold 20,000 shares of the firm's stock in a transaction on Thursday, March 21st. The shares were 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 owns 515,801 shares of the company's stock, valued at $51,053,982.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the business'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 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 owned by insiders.

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.