Enterprise Bank & Trust Co Takes $5.81 Million Position in TJX Companies Inc (TJX)

Enterprise Bank & Trust Co bought a new position in shares of TJX Companies Inc (NYSE:TJX) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 109,270 shares of the apparel and home fashions retailer’s stock, valued at approximately $5,814,000. TJX Companies accounts for 2.4% of Enterprise Bank & Trust Co’s holdings, making the stock its 8th biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Whitnell & Co. lifted its holdings in shares of TJX Companies by 28.3% in the first quarter. Whitnell & Co. now owns 22,200 shares of the apparel and home fashions retailer’s stock valued at $1,181,000 after purchasing an additional 4,900 shares in the last quarter. Roman Butler Fullerton & Co. lifted its holdings in shares of TJX Companies by 7.0% in the first quarter. Roman Butler Fullerton & Co. now owns 4,870 shares of the apparel and home fashions retailer’s stock valued at $259,000 after purchasing an additional 318 shares in the last quarter. Schulhoff & Co. Inc. lifted its holdings in shares of TJX Companies by 11.1% in the first quarter. Schulhoff & Co. Inc. now owns 5,601 shares of the apparel and home fashions retailer’s stock valued at $298,000 after purchasing an additional 558 shares in the last quarter. Investec Asset Management LTD lifted its holdings in shares of TJX Companies by 6.0% in the first quarter. Investec Asset Management LTD now owns 449,255 shares of the apparel and home fashions retailer’s stock valued at $23,905,000 after purchasing an additional 25,234 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of TJX Companies in the first quarter valued at about $2,974,000. Institutional investors own 91.42% of the company’s stock.

In other news, Director Amy B. Lane sold 1,625 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $53.00, for a total value of $86,125.00. Following the completion of the sale, the director now owns 29,467 shares of the company’s stock, valued at $1,561,751. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy B. Lane sold 1,000 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $51.79, for a total transaction of $51,790.00. Following the completion of the sale, the director now directly owns 31,092 shares of the company’s stock, valued at approximately $1,610,254.68. The disclosure for this sale can be found here. Insiders have sold 109,498 shares of company stock valued at $5,933,022 in the last ninety days. 0.18% of the stock is currently owned by company insiders.

Several analysts have issued reports on TJX shares. Zacks Investment Research downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Monday, February 11th. Morgan Stanley upped their price target on shares of TJX Companies from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, February 28th. Barclays set a $56.00 price target on shares of TJX Companies and gave the company a “hold” rating in a report on Thursday, February 28th. Telsey Advisory Group raised shares of TJX Companies from a “market perform” rating to an “outperform” rating and upped their price target for the company from $51.00 to $56.00 in a report on Thursday, January 31st. Finally, Credit Suisse Group upped their price target on shares of TJX Companies from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $55.98.

TJX stock traded down $1.54 on Wednesday, hitting $51.72. 10,573,046 shares of the company were exchanged, compared to its average volume of 5,982,261. TJX Companies Inc has a twelve month low of $41.49 and a twelve month high of $56.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.53. The firm has a market capitalization of $64.43 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 1.86 and a beta of 0.66.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. TJX Companies had a net margin of 7.85% and a return on equity of 57.42%. The firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the prior year, the business posted $1.13 earnings per share. TJX Companies’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities analysts forecast that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

TJX Companies announced that its board has initiated a stock repurchase program on Wednesday, February 27th that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the apparel and home fashions retailer to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be given a dividend of $0.23 per share. This is a positive change from TJX Companies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.92 annualized dividend and a yield of 1.78%. TJX Companies’s dividend payout ratio is 43.60%.

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TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

Further Reading: Forex

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

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