GAMMA Investing LLC Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

GAMMA Investing LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,452 shares of the apparel and home fashions retailer's stock, valued at approximately $802,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC bought a new position in TJX Companies during the fourth quarter valued at $28,000. BKM Wealth Management LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth $30,000. Larson Financial Group LLC lifted its position in shares of TJX Companies by 76.0% during the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer's stock worth $35,000 after acquiring an additional 168 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in shares of TJX Companies during the fourth quarter worth $40,000. Finally, Steward Financial Group LLC lifted its position in shares of TJX Companies by 56.5% during the third quarter. Steward Financial Group LLC now owns 493 shares of the apparel and home fashions retailer's stock worth $43,000 after acquiring an additional 178 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TJX has been the topic of several recent research reports. Telsey Advisory Group restated an "outperform" rating and set a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. UBS Group increased their price objective on TJX Companies from $95.00 to $104.00 and gave the stock a "neutral" rating in a research report on Friday, March 1st. BMO Capital Markets increased their price objective on TJX Companies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, February 29th. Finally, Redburn Atlantic downgraded TJX Companies from a "buy" rating to a "neutral" rating and set a $100.00 price target on the stock. in a research 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 company. According to MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and an average price target of $102.19.

TJX Companies Stock Up 0.5 %

TJX stock traded up $0.45 during midday trading on Tuesday, hitting $94.53. The company's stock had a trading volume of 5,843,601 shares, compared to its average volume of 5,036,606. The company has a market cap of $107.10 billion, a PE ratio of 24.37, a P/E/G ratio of 2.40 and a beta of 0.86. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84. 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 firm's 50-day moving average is $97.50 and its 200-day moving average is $93.74.

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, topping the consensus estimate of $1.12 by $0.10. The firm had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. TJX Companies's revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.59%. This is a positive change from TJX Companies's previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies's dividend payout ratio is 34.46%.

TJX Companies declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 28th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to purchase up to 2.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the 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 sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. In related news, 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 value of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares of the company's stock, valued at approximately $4,968,480.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was 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 directly owns 515,801 shares of the company's stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company 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.

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