Fifth Third Wealth Advisors LLC Has $1.13 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Fifth Third Wealth Advisors LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 4.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,097 shares of the apparel and home fashions retailer’s stock after acquiring an additional 443 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in TJX Companies were worth $1,125,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bedel Financial Consulting Inc. lifted its holdings 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 worth $299,000 after acquiring an additional 104 shares during the last quarter. Tandem Investment Advisors Inc. raised its position in shares of TJX Companies by 1.8% in the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock valued at $548,000 after buying an additional 106 shares during the last quarter. Alhambra Investment Management LLC increased its position in TJX Companies by 2.0% during the fourth quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock worth $510,000 after purchasing an additional 108 shares during the last quarter. J.Safra Asset Management Corp increased its position in shares of TJX Companies by 9.9% during the fourth 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 acquiring an additional 108 shares during the last quarter. Finally, BSW Wealth Partners boosted its stake in shares of TJX Companies by 2.0% in the fourth 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. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the sale, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the sale, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the company’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 owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock worth $5,060,941 over the last 90 days. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TJX has been the subject of several recent analyst reports. Sanford C. Bernstein boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Evercore ISI set a $113.00 target price on shares of TJX Companies in a research report on Tuesday, May 21st. UBS Group increased their price objective on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a research report on Tuesday, May 21st. Finally, BMO Capital Markets increased their price objective on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $110.37.

TJX Companies Price Performance

TJX Companies stock traded down $0.45 on Friday, reaching $110.10. The company’s stock had a trading volume of 9,649,638 shares, compared to its average volume of 5,548,945. 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 company has a market cap of $124.43 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 2.96 and a beta of 0.87. The business’s fifty day moving average price is $101.79 and its 200 day moving average price is $97.98. The TJX Companies, Inc. has a twelve month low of $82.25 and a twelve month high of $111.79.

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, topping analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Equities analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given 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 1.36%. TJX Companies’s payout ratio is currently 37.22%.

About TJX Companies

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.