Fisher Asset Management LLC Has $507,000 Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Fisher Asset Management LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 18.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,400 shares of the apparel and home fashions retailer’s stock after purchasing an additional 827 shares during the quarter. Fisher Asset Management LLC’s holdings in TJX Companies were worth $507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bedel Financial Consulting Inc. lifted its stake in shares of 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 purchasing an additional 104 shares during the period. Tandem Investment Advisors Inc. lifted its stake in shares of 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 purchasing an additional 106 shares during the period. Alhambra Investment Management LLC lifted its stake in shares of 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 purchasing an additional 108 shares during the period. J.Safra Asset Management Corp lifted its stake in shares of TJX Companies by 9.9% in 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 purchasing an additional 108 shares during the period. Finally, BSW Wealth Partners lifted its stake in shares of TJX Companies by 2.0% in 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 purchasing an additional 109 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX stock opened at $111.01 on Monday. The firm has a market cap of $125.46 billion, a PE ratio of 27.55, a P/E/G ratio of 2.95 and a beta of 0.87. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average of $100.73 and a 200-day moving average of $97.59. The TJX Companies, Inc. has a 12-month low of $80.94 and a 12-month high of $111.34.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 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 business had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. TJX Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

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

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.35%. TJX Companies’s payout ratio is 37.22%.

Insider Activity at TJX Companies

In related news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the transaction, the executive vice president now owns 110,893 shares in the company, valued at $11,089,300. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares in the company, valued at $5,042,756.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the sale, the executive vice president now owns 110,893 shares in the company, valued at approximately $11,089,300. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,003 shares of company stock worth $5,060,941. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TJX. Robert W. Baird boosted their target price on TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a research report on Tuesday, May 21st. UBS Group boosted their target price on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Barclays boosted their target price on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Finally, Sanford C. Bernstein boosted their target price on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.37.

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.