Sequoia Financial Advisors LLC Has $9.38 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Sequoia Financial Advisors LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 954.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,996 shares of the apparel and home fashions retailer's stock after purchasing an additional 90,511 shares during the period. Sequoia Financial Advisors LLC's holdings in TJX Companies were worth $9,381,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC grew its position in shares of TJX Companies by 90,089.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,788,543 shares of the apparel and home fashions retailer's stock worth $1,575,168,000 after acquiring an additional 19,766,602 shares during the last quarter. Morgan Stanley grew its position in shares of TJX Companies by 88.1% during the fourth quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer's stock worth $2,118,935,000 after acquiring an additional 12,468,119 shares during the last quarter. Norges Bank bought a new position in shares of TJX Companies during the fourth quarter worth about $891,631,000. Ontario Teachers Pension Plan Board bought a new position in shares of TJX Companies during the first quarter worth about $408,331,000. Finally, FMR LLC grew its position in shares of TJX Companies by 13.1% during the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer's stock worth $4,622,514,000 after acquiring an additional 6,036,764 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the company's 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 transaction, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the company's 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 transaction, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the company's 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 transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

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

TJX Companies Trading Down 0.8 %

TJX stock traded down $0.82 during mid-day trading on Wednesday, reaching $96.28. 3,838,061 shares of the stock traded hands, compared to its average volume of 5,083,172. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $102.84. The company has a market cap of $109.08 billion, a P/E ratio of 24.94, a P/E/G ratio of 2.48 and a beta of 0.86. The stock's fifty day moving average is $98.13 and its 200-day moving average is $93.41.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS 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 company had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. During the same period in the prior year, the firm earned $0.89 earnings per share. The business's quarterly revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.06 earnings per share for the current year.

TJX Companies declared that its board has approved a share repurchase program 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 buy up to 2.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, May 15th. 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 yield of 1.56%. TJX Companies's dividend payout ratio is currently 34.46%.

TJX Companies 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.