Cresset Asset Management LLC Buys 4,247 Shares of The TJX Companies, Inc. (NYSE:TJX)

Cresset Asset Management LLC increased its stake in The TJX Companies, Inc. (NYSE:TJXFree Report) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,481 shares of the apparel and home fashions retailer’s stock after purchasing an additional 4,247 shares during the period. Cresset Asset Management LLC’s holdings in TJX Companies were worth $17,588,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. raised its position in 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 purchasing an additional 21,767 shares during the last quarter. Savoir Faire Capital Management L.P. bought a new position in TJX Companies in the 3rd quarter worth approximately $3,197,000. Gateway Investment Advisers LLC raised its position in TJX Companies by 42.9% in the 4th quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock worth $1,793,000 after purchasing an additional 5,737 shares during the last quarter. Cape Cod Five Cents Savings Bank raised its position in TJX Companies by 109.1% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 148,954 shares of the apparel and home fashions retailer’s stock worth $13,239,000 after purchasing an additional 77,711 shares during the last quarter. Finally, Ethos Financial Group LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at $269,000. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of several recent research reports. Evercore ISI set a $113.00 target price on shares of TJX Companies in a research report on Tuesday, May 21st. Barclays upped their target price on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Telsey Advisory Group upped their target price on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. TD Cowen upped their target price on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Sanford C. Bernstein upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $110.37.

Check Out Our Latest Report on TJX Companies

TJX Companies Price Performance

Shares of NYSE TJX opened at $107.32 on Tuesday. The firm has a market cap of $121.29 billion, a PE ratio of 26.63, a PEG ratio of 2.87 and a beta of 0.87. 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 TJX Companies, Inc. has a 1-year low of $79.34 and a 1-year high of $108.58. The company has a fifty day moving average price of $98.45 and a 200 day moving average price of $96.29.

TJX Companies (NYSE:TJXGet Free Report) last posted its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the prior year, the business posted $0.76 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Research analysts predict that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.40%. TJX Companies’s dividend payout ratio is 37.22%.

TJX Companies declared that its board has authorized a stock buyback plan on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at TJX Companies

In related news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president now directly owns 110,893 shares in the company, valued at approximately $11,089,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president now directly owns 110,893 shares in the company, valued at approximately $11,089,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the sale, the director now owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders sold a total of 70,003 shares of company stock worth $7,040,541 in the last three months. Insiders own 0.13% of the company’s stock.

TJX Companies Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJXFree Report).

Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.