The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Colton Groome Financial Advisors LLC

Colton Groome Financial Advisors LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 14,264 shares of the apparel and home fashions retailer’s stock after acquiring an additional 323 shares during the period. Colton Groome Financial Advisors LLC’s holdings in TJX Companies were worth $1,447,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new position in TJX Companies during the fourth quarter worth $27,000. Anchor Investment Management LLC acquired a new position in TJX Companies during the fourth quarter worth $28,000. BKM Wealth Management LLC acquired a new position in TJX Companies during the fourth quarter worth $30,000. AlphaMark Advisors LLC raised its holdings in shares of TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after acquiring an additional 122 shares during the last quarter. Finally, Register Financial Advisors LLC acquired a new position in shares of TJX Companies in the first quarter worth $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.4 %

TJX stock traded up $0.48 during trading on Monday, reaching $110.58. 3,660,517 shares of the stock traded hands, compared to its average volume of 5,565,860. The business’s 50 day moving average price is $102.48 and its 200-day moving average price is $98.30. The TJX Companies, Inc. has a 52-week low of $82.25 and a 52-week high of $111.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The firm has a market capitalization of $124.97 billion, a PE ratio of 27.44, a P/E/G ratio of 2.94 and a beta of 0.88.

TJX Companies (NYSE:TJX) last issued 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 analysts’ expectations of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio is presently 37.22%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was 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 owns 571,148 shares in the company, valued at $58,354,191.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the transaction, the chief executive officer now owns 571,148 shares in the company, valued at $58,354,191.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Amy B. Lane sold 1,500 shares of the business’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 transaction, the director now owns 23,470 shares in the company, valued at approximately $2,395,582.90. The disclosure for this sale can be found here. Insiders have sold a total of 50,003 shares of company stock worth $5,060,941 over the last quarter. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TJX. TD Cowen boosted their price target on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Robert W. Baird boosted their price target on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Barclays lifted their price objective 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, Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research report on Tuesday, May 21st. 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $110.39.

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.