The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group lessened its position in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,988 shares of the apparel and home fashions retailer’s stock after selling 533 shares during the quarter. Rehmann Capital Advisory Group’s holdings in TJX Companies were worth $912,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

TJX has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a research note on Tuesday, May 21st. Telsey Advisory Group lifted their price objective on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Loop Capital raised their target price on TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Finally, Robert W. Baird lifted their price target on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $111.50.

Get Our Latest Stock Analysis on TJX Companies

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Kenneth Canestrari sold 20,332 shares of the business’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 sale, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $58,354,191.16. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock valued at $5,060,941 over the last quarter. 0.13% of the stock is owned by insiders.

TJX Companies Trading Up 0.4 %

TJX Companies stock traded up $0.41 during mid-day trading on Wednesday, hitting $112.56. The company’s stock had a trading volume of 2,064,621 shares, compared to its average volume of 5,487,461. The stock’s fifty day moving average is $104.72 and its two-hundred day moving average is $99.31. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $127.21 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 3.00 and a beta of 0.88. The TJX Companies, Inc. has a 1 year low of $83.60 and a 1 year high of $112.78.

TJX Companies (NYSE:TJXGet Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. The business 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 company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 EPS. On average, analysts anticipate that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid 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 1.33%. TJX Companies’s payout ratio is currently 37.22%.

About TJX Companies

(Free Report)

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.

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

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