Envestnet Portfolio Solutions Inc. Grows Holdings in The TJX Companies, Inc. (NYSE:TJX)

Envestnet Portfolio Solutions Inc. grew its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 13.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,712 shares of the apparel and home fashions retailer's stock after acquiring an additional 13,027 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in TJX Companies were worth $10,011,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. AlphaStar Capital Management LLC increased its stake in TJX Companies by 21.4% in the fourth quarter. AlphaStar Capital Management LLC now owns 9,315 shares of the apparel and home fashions retailer's stock valued at $874,000 after purchasing an additional 1,645 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in TJX Companies by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,424,230 shares of the apparel and home fashions retailer's stock valued at $508,835,000 after purchasing an additional 234,973 shares during the last quarter. QRG Capital Management Inc. increased its stake in TJX Companies by 7.5% in the fourth quarter. QRG Capital Management Inc. now owns 253,439 shares of the apparel and home fashions retailer's stock valued at $23,775,000 after purchasing an additional 17,767 shares during the last quarter. Horan Securities Inc. increased its stake in TJX Companies by 5.3% in the fourth quarter. Horan Securities Inc. now owns 4,323 shares of the apparel and home fashions retailer's stock valued at $406,000 after purchasing an additional 216 shares during the last quarter. Finally, Valley Wealth Managers Inc. increased its stake in TJX Companies by 4.2% in the fourth quarter. Valley Wealth Managers Inc. now owns 3,272 shares of the apparel and home fashions retailer's stock valued at $307,000 after purchasing an additional 132 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $1,979,600.00. Following the sale, the chief executive officer now owns 515,801 shares of the company's stock, valued at approximately $51,053,982.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the business's 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 completion of the sale, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Down 0.1 %

NYSE TJX traded down $0.06 during mid-day trading on Monday, reaching $98.75. 4,146,627 shares of the company's stock traded hands, compared to its average volume of 5,075,741. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84. The company has a fifty day simple moving average of $96.81 and a 200-day simple moving average of $94.43. 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 company has a market cap of $111.88 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 2.53 and a beta of 0.87.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results 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. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The company had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. During the same quarter last year, the firm earned $0.89 EPS. The business's revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.1 EPS for the current year.

TJX Companies announced that its board has approved a share buyback 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 reacquire up to 2.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.52%. This is a positive change from TJX Companies's previous quarterly dividend of $0.33. TJX Companies's payout ratio is currently 34.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TJX shares. Telsey Advisory Group restated an "outperform" rating and set a $105.00 price target on shares of TJX Companies in a research note on Wednesday, February 28th. BMO Capital Markets upped their price target on TJX Companies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, February 29th. UBS Group upgraded TJX Companies from a "neutral" rating to a "buy" rating and increased their target price for the company from $104.00 to $132.00 in a research note on Thursday, May 2nd. The Goldman Sachs Group upgraded TJX Companies from a "neutral" rating to a "buy" rating and raised their target price for the company from $100.00 to $110.00 in a report on Thursday, April 25th. Finally, Redburn Atlantic downgraded TJX Companies from a "buy" rating to a "neutral" rating and set a $100.00 target price on the stock. in a report on Monday, February 5th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $104.29.

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.