Mackenzie Financial Corp Has $170.38 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Mackenzie Financial Corp lessened its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,816,245 shares of the apparel and home fashions retailer's stock after selling 42,172 shares during the quarter. Mackenzie Financial Corp owned approximately 0.16% of TJX Companies worth $170,382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Alhambra Investment Management LLC increased its position in shares of TJX Companies by 2.0% in the 4th quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer's stock valued at $510,000 after acquiring an additional 108 shares during the period. BSW Wealth Partners increased its position in TJX Companies by 2.0% during the fourth quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer's stock worth $528,000 after purchasing an additional 109 shares during the last quarter. Insight Advisors LLC PA increased its position in shares of TJX Companies by 3.1% during the fourth quarter. Insight Advisors LLC PA now owns 3,757 shares of the apparel and home fashions retailer's stock valued at $352,000 after acquiring an additional 112 shares during the last quarter. First Business Financial Services Inc. increased its position in shares of TJX Companies by 0.6% during the third quarter. First Business Financial Services Inc. now owns 18,177 shares of the apparel and home fashions retailer's stock valued at $1,616,000 after acquiring an additional 113 shares during the last quarter. Finally, WNY Asset Management LLC boosted its stake in shares of TJX Companies by 4.8% in the third quarter. WNY Asset Management LLC now owns 2,511 shares of the apparel and home fashions retailer's stock valued at $223,000 after purchasing an additional 115 shares during the period. Institutional investors own 91.09% of the company's stock.

Insider Buying and Selling at TJX Companies

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

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $105.00 price objective on shares of TJX Companies in a research note on Wednesday, February 28th. Redburn Atlantic downgraded shares of TJX Companies from a "buy" rating to a "neutral" rating and set a $100.00 price target for the company. in a research note on Monday, February 5th. BMO Capital Markets lifted their price target on shares of TJX Companies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, February 29th. Finally, UBS Group boosted their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the company a "neutral" rating in a research note on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and an average price target of $102.19.

TJX Companies Stock Performance

Shares of TJX traded up $0.41 during mid-day trading on Tuesday, reaching $93.39. The company's stock had a trading volume of 4,063,516 shares, compared to its average volume of 5,051,115. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84. The stock has a market cap of $105.81 billion, a P/E ratio of 24.09, a PEG ratio of 2.43 and a beta of 0.86. The business has a 50-day simple moving average of $97.97 and a two-hundred day simple moving average of $93.57. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. The business had revenue of $16.41 billion during the quarter, compared to analysts' expectations of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $0.89 EPS. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies announced that its board has approved a share repurchase plan on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its stock is undervalued.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a yield of 1.61%. TJX Companies's payout ratio is currently 34.46%.

TJX Companies Company 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.