The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE boosted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1,099.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,789 shares of the apparel and home fashions retailer's stock after acquiring an additional 104,299 shares during the quarter. Congress Wealth Management LLC DE's holdings in TJX Companies were worth $10,675,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bedel Financial Consulting Inc. lifted its position in TJX Companies by 3.4% in the 4th quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer's stock valued at $299,000 after acquiring an additional 104 shares in the last quarter. Tandem Investment Advisors Inc. lifted its position in TJX Companies by 1.8% in the 4th quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer's stock valued at $548,000 after acquiring an additional 106 shares in the last quarter. Alhambra Investment Management LLC lifted its position in 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 in the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of TJX Companies by 9.9% during the 4th quarter. J.Safra Asset Management Corp now owns 1,196 shares of the apparel and home fashions retailer's stock valued at $112,000 after buying an additional 108 shares during the period. Finally, BSW Wealth Partners lifted its holdings in shares of TJX Companies by 2.0% during the 4th quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer's stock valued at $528,000 after buying an additional 109 shares during the period. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TJX shares. Sanford C. Bernstein increased their price target on TJX Companies from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday. Evercore ISI set a $113.00 price target on TJX Companies in a report on Tuesday. UBS Group increased their price target on TJX Companies from $132.00 to $134.00 and gave the company a "buy" rating in a report on Thursday. Redburn Atlantic cut TJX Companies from a "buy" rating to a "neutral" rating and set a $100.00 price target on the stock. in a report on Monday, February 5th. Finally, Barclays increased their price target on TJX Companies from $109.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $110.05.

Insider Activity

In other news, 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 transaction, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, 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 transaction, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the firm's 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 transaction, 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. Company insiders own 0.13% of the company's stock.

TJX Companies Price Performance

TJX stock traded up $1.98 during trading on Friday, reaching $102.14. The company's stock had a trading volume of 5,625,167 shares, compared to its average volume of 5,899,514. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $104.98. The company has a quick ratio of 0.64, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $115.72 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.67 and a beta of 0.87. The company's fifty day moving average is $97.27 and its 200-day moving average is $95.12.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same quarter in the prior year, the business posted $0.76 EPS. TJX Companies's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, research analysts expect that The TJX Companies, Inc. will post 4.08 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Wednesday, May 15th. This is a positive change from TJX Companies's previous quarterly dividend of $0.33. TJX Companies's dividend payout ratio is presently 37.22%.

TJX Companies declared that its board has approved a stock buyback program on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in 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 programs are usually an indication that the company's management believes its stock is undervalued.

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.