The TJX Companies, Inc. (NYSE:TJX) Director Sells $153,105.00 in Stock

The TJX Companies, Inc. (NYSE:TJX) Director Amy B. Lane sold 1,500 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the sale, the director now owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

TJX Companies Stock Performance

NYSE:TJX opened at $103.23 on Friday. The firm has a market capitalization of $116.96 billion, a PE ratio of 25.62, a PEG ratio of 2.77 and a beta of 0.87. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $104.98. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The firm’s fifty day simple moving average is $97.66 and its 200 day simple moving average is $95.48.

TJX Companies (NYSE:TJX) 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, beating the consensus estimate of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The company had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. During the same period last year, the business posted $0.76 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.45%. TJX Companies’s payout ratio is 37.22%.

TJX Companies declared that its Board of Directors has initiated a share buyback program on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Evercore ISI set a $113.00 target price on TJX Companies in a report on Tuesday, May 21st. Telsey Advisory Group boosted their price target on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research report on Tuesday, May 21st. Finally, TD Cowen upped their target price on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.05.

Hedge Funds Weigh In On TJX Companies

Several large investors have recently bought and sold shares of the stock. Penobscot Investment Management Company Inc. raised its position in shares of TJX Companies by 35.5% during the third quarter. Penobscot Investment Management Company Inc. now owns 73,466 shares of the apparel and home fashions retailer’s stock valued at $6,530,000 after buying an additional 19,236 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its position in shares of TJX Companies by 3.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock worth $56,613,000 after acquiring an additional 21,767 shares during the period. Savoir Faire Capital Management L.P. acquired a new stake in shares of TJX Companies during the 3rd quarter worth approximately $3,197,000. Gateway Investment Advisers LLC increased its position in shares of TJX Companies by 42.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock valued at $1,793,000 after purchasing an additional 5,737 shares during the period. Finally, Cape Cod Five Cents Savings Bank raised its stake in shares of TJX Companies by 109.1% in the third quarter. Cape Cod Five Cents Savings Bank now owns 148,954 shares of the apparel and home fashions retailer’s stock valued at $13,239,000 after purchasing an additional 77,711 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

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.