abrdn plc Has $212.65 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

abrdn plc lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 49.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,266,799 shares of the apparel and home fashions retailer's stock after selling 2,178,062 shares during the period. abrdn plc owned about 0.20% of TJX Companies worth $212,648,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Anchor Investment Management LLC bought a new stake in TJX Companies during the fourth quarter valued at approximately $28,000. BKM Wealth Management LLC bought a new position in TJX Companies in the 4th quarter worth about $30,000. ICA Group Wealth Management LLC bought a new position in TJX Companies during the 4th quarter valued at about $27,000. Cornerstone Planning Group LLC purchased a new stake in shares of TJX Companies during the 2nd quarter valued at about $33,000. Finally, Larson Financial Group LLC increased its position in shares of TJX Companies by 76.0% during the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer's stock valued at $35,000 after purchasing an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Up 0.8 %

Shares of TJX stock traded up $0.70 on Friday, hitting $93.36. The company's stock had a trading volume of 6,043,994 shares, compared to its average volume of 4,780,190. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The stock has a market capitalization of $105.77 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 2.38 and a beta of 0.86. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $102.84. The firm's fifty day moving average price is $97.58 and its 200-day moving average price is $93.66.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping 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 business had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. During the same period last year, the business posted $0.89 earnings per share. The firm's quarterly revenue was up 13.0% on a year-over-year basis. Research analysts anticipate that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies Increases Dividend

The company 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 a boost from TJX Companies's previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.61%. TJX Companies's payout ratio is presently 34.46%.

TJX Companies declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 28th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Telsey Advisory Group restated an "outperform" rating and issued a $105.00 price target on shares of TJX Companies in a research note on Wednesday, February 28th. UBS Group increased their target price on TJX Companies from $95.00 to $104.00 and gave the stock a "neutral" rating in a research note on Friday, March 1st. Redburn Atlantic lowered TJX Companies from a "buy" rating to a "neutral" rating and set a $100.00 price target on the stock. in a research note on Monday, February 5th. Finally, BMO Capital Markets lifted their target price on TJX Companies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.19.

Insider Buying and Selling

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the company's stock in a transaction that occurred on 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 directly 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 this hyperlink. In related news, CEO Ernie Herrman sold 20,000 shares of the firm's 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 completion of the sale, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Louise Greenlees sold 2,694 shares of the firm's stock in a transaction dated 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 owns 50,273 shares of the company's stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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.