BayBridge Capital Group LLC Takes Position in The TJX Companies, Inc. (NYSE:TJX)

BayBridge Capital Group LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,228 shares of the apparel and home fashions retailer's stock, valued at approximately $1,067,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of TJX Companies by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer's stock valued at $8,455,660,000 after purchasing an additional 392,783 shares in the last quarter. FMR LLC raised its position in shares of TJX Companies by 13.1% in the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer's stock worth $4,622,514,000 after acquiring an additional 6,036,764 shares during the period. Morgan Stanley boosted its stake in shares of TJX Companies by 1.5% during the 3rd quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer's stock worth $2,200,045,000 after acquiring an additional 371,163 shares in the last quarter. Northern Trust Corp grew its position in shares of TJX Companies by 2.3% during the 3rd quarter. Northern Trust Corp now owns 13,734,141 shares of the apparel and home fashions retailer's stock valued at $1,220,690,000 after acquiring an additional 313,530 shares during the period. Finally, Norges Bank purchased a new position in shares of TJX Companies in the 4th quarter valued at about $1,193,438,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 0.9 %

NYSE:TJX traded down $0.93 during trading hours on Thursday, reaching $100.19. 7,430,374 shares of the stock were exchanged, compared to its average volume of 5,239,904. The business has a 50-day moving average of $97.18 and a two-hundred day moving average of $95.01. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $104.98. The company has a market capitalization of $113.51 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 2.64 and a beta of 0.87. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.06. The firm had revenue of $12.48 billion during the quarter, compared to analysts' expectations of $12.48 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share. On average, equities analysts predict that The TJX Companies, Inc. will post 4.1 EPS for the current year.

TJX Companies declared that its board has approved a stock repurchase program on Wednesday, February 28th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership 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. Stockholders of record on Thursday, May 16th will be paid a $0.375 dividend. 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 1.50%. The ex-dividend date is Wednesday, May 15th. TJX Companies's dividend payout ratio (DPR) is presently 38.86%.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 20,000 shares of the firm's stock in a transaction on Thursday, March 21st. The shares were 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 directly 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 through the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at $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 firm's stock in a transaction that occurred 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 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 currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a report on Tuesday. Telsey Advisory Group boosted their price objective on TJX Companies from $112.00 to $115.00 and gave the stock an "outperform" rating in a research note on Thursday. Evercore ISI set a $113.00 price target on TJX Companies in a research note on Tuesday. Sanford C. Bernstein increased their price objective on TJX Companies from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, UBS Group lifted their target price on shares of TJX Companies from $132.00 to $134.00 and gave the stock a "buy" rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies presently has an average rating of "Moderate Buy" and an average target price of $110.05.

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.