Bryce Point Capital LLC Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Bryce Point Capital LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,495 shares of the apparel and home fashions retailer's stock, valued at approximately $543,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new position in TJX Companies in the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies during the 4th quarter worth approximately $26,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the third quarter worth $30,000. SOA Wealth Advisors LLC. purchased a new stake in shares of TJX Companies during the 4th quarter worth $30,000. Finally, Millstone Evans Group LLC acquired a new position in shares of TJX Companies during the 4th quarter worth $30,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Transactions at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several brokerages have weighed in on TJX. Wells Fargo & Company upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $128.00 to $140.00 in a report on Thursday. Barclays upped their target price on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Finally, BMO Capital Markets increased their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $135.76.

TJX Companies Trading Down 2.8 %

TJX traded down $3.51 during trading on Friday, hitting $121.92. The company's stock had a trading volume of 12,959,431 shares, compared to its average volume of 5,267,162. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.33. The stock has a market cap of $137.06 billion, a PE ratio of 28.69, a PEG ratio of 2.75 and a beta of 0.96. The firm's 50 day moving average price is $121.69 and its 200-day moving average price is $120.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. On average, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a dividend of $0.425 per share. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.39%. TJX Companies's dividend payout ratio is 35.21%.

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.