Contravisory Investment Management Inc. Has $122,000 Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Contravisory Investment Management Inc. raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 4,542.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,207 shares of the apparel and home fashions retailer’s stock after buying an additional 1,181 shares during the period. Contravisory Investment Management Inc.’s holdings in TJX Companies were worth $122,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC bought a new position in shares of TJX Companies during the fourth quarter valued at about $27,000. Anchor Investment Management LLC bought a new position in shares of TJX Companies during the fourth quarter valued at about $28,000. BKM Wealth Management LLC purchased a new stake in TJX Companies during the fourth quarter worth about $30,000. Sachetta LLC purchased a new stake in TJX Companies during the fourth quarter worth about $38,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in TJX Companies during the fourth quarter worth about $40,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Up 0.6 %

Shares of TJX opened at $111.01 on Monday. The firm has a market cap of $125.46 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 2.95 and a beta of 0.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The TJX Companies, Inc. has a fifty-two week low of $80.94 and a fifty-two week high of $111.34. The firm has a 50 day moving average price of $100.73 and a 200-day moving average price of $97.59.

TJX Companies (NYSE:TJX) 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, topping analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued 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 yield of 1.35%. TJX Companies’s dividend payout ratio is currently 37.22%.

TJX Companies declared that its Board of Directors has initiated a share buyback plan 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 purchase up to 2.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms recently issued reports on TJX. Sanford C. Bernstein raised their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Robert W. Baird raised their price objective on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. BMO Capital Markets lifted their target price on shares of TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a research note on Tuesday, May 21st. Finally, Evercore ISI set a $113.00 target price on shares of TJX Companies in a research note on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $110.37.

Insider Activity at TJX Companies

In related news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares in the company, valued at approximately $5,042,756.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the transaction, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the transaction, the executive vice president now directly owns 49,570 shares in the company, valued at $5,042,756.10. The disclosure for this sale can be found here. Insiders sold 50,003 shares of company stock worth $5,060,941 in the last three months. 0.13% of the stock is owned by insiders.

TJX Companies 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.