Larson Financial Group LLC Purchases 1,239 Shares of The TJX Companies, Inc. (NYSE:TJX)

Larson Financial Group LLC boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 190.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,890 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,239 shares during the period. Larson Financial Group LLC’s holdings in TJX Companies were worth $192,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. Running Oak Capital LLC lifted its stake in shares of TJX Companies by 10.9% during the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock worth $11,358,000 after acquiring an additional 11,036 shares during the last quarter. New Mexico Educational Retirement Board lifted its position in shares of TJX Companies by 15.9% during the first quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after purchasing an additional 9,500 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in shares of TJX Companies by 3.7% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock valued at $56,613,000 after purchasing an additional 21,767 shares during the period. Savoir Faire Capital Management L.P. bought a new position in shares of TJX Companies in the third quarter worth about $3,197,000. Finally, Gateway Investment Advisers LLC increased its stake in TJX Companies by 42.9% in the 4th quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock worth $1,793,000 after buying an additional 5,737 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.7 %

TJX traded up $0.82 during trading on Wednesday, hitting $112.97. The stock had a trading volume of 4,240,645 shares, compared to its average volume of 5,504,072. The stock has a 50 day simple moving average of $104.72 and a two-hundred day simple moving average of $99.31. 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 TJX Companies, Inc. has a twelve month low of $83.60 and a twelve month high of $112.97. The company has a market capitalization of $127.67 billion, a PE ratio of 27.95, a PEG ratio of 3.00 and a beta of 0.88.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $12.48 billion during 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 business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. On average, research analysts predict that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is presently 37.22%.

Insider Buying and Selling at TJX Companies

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TJX shares. TD Cowen boosted their price objective on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a report on Tuesday, May 21st. Loop Capital raised their price target on TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Finally, Robert W. Baird upped their price objective on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $111.50.

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.