NewEdge Wealth LLC Buys 26,919 Shares of The TJX Companies, Inc. (NYSE:TJX)

NewEdge Wealth LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 79.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,813 shares of the apparel and home fashions retailer's stock after purchasing an additional 26,919 shares during the quarter. NewEdge Wealth LLC's holdings in TJX Companies were worth $5,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Fairfield Bush & CO. bought a new stake in shares of TJX Companies in the 1st quarter worth approximately $68,000. United Bank lifted its holdings in shares of TJX Companies by 9.2% in the 1st quarter. United Bank now owns 15,197 shares of the apparel and home fashions retailer's stock worth $921,000 after acquiring an additional 1,284 shares during the last quarter. AMI Investment Management Inc. bought a new stake in shares of TJX Companies in the 1st quarter worth approximately $2,780,000. Cetera Investment Advisers lifted its holdings in shares of TJX Companies by 69.0% in the 1st quarter. Cetera Investment Advisers now owns 38,304 shares of the apparel and home fashions retailer's stock worth $2,320,000 after acquiring an additional 15,644 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of TJX Companies by 10.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,396 shares of the apparel and home fashions retailer's stock worth $266,000 after acquiring an additional 398 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Down 1.5 %

Shares of NYSE:TJX traded down $1.44 during midday trading on Friday, reaching $94.42. The company's stock had a trading volume of 3,951,575 shares, compared to its average volume of 5,154,296. The firm has a 50 day moving average of $98.04 and a 200-day moving average of $93.50. The firm has a market capitalization of $106.98 billion, a P/E ratio of 24.46, a PEG ratio of 2.47 and a beta of 0.86. 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 12-month low of $75.65 and a 12-month high of $102.84.

TJX Companies (NYSE:TJX - Get Free Report) last released its 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. The firm had revenue of $16.41 billion for 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%. The company's revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 EPS. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, May 15th. This is an increase 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 1.59%. TJX Companies's dividend payout ratio is currently 38.86%.

TJX Companies declared that its board has initiated a stock buyback plan on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in outstanding 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 often a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

TJX has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of TJX Companies from $95.00 to $104.00 and gave the company a "neutral" rating in a report on Friday, March 1st. BMO Capital Markets upped their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, February 29th. Redburn Atlantic lowered shares of 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. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $105.00 price target on shares of TJX Companies in a report on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.19.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated 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 sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated 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 sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the 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 sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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.