Sei Investments Co. Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Sei Investments Co. grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 641,476 shares of the apparel and home fashions retailer’s stock after buying an additional 14,628 shares during the quarter. Sei Investments Co. owned 0.06% of TJX Companies worth $65,060,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bedel Financial Consulting Inc. increased its holdings in TJX Companies by 3.4% in the fourth quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer’s stock valued at $299,000 after buying an additional 104 shares during the last quarter. TRUE Private Wealth Advisors boosted its stake in TJX Companies by 3.7% in the first quarter. TRUE Private Wealth Advisors now owns 2,932 shares of the apparel and home fashions retailer’s stock valued at $297,000 after acquiring an additional 104 shares during the period. Tandem Investment Advisors Inc. boosted its stake in 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 acquiring an additional 106 shares during the period. TCI Wealth Advisors Inc. boosted its stake in TJX Companies by 2.6% in the first quarter. TCI Wealth Advisors Inc. now owns 4,214 shares of the apparel and home fashions retailer’s stock valued at $427,000 after acquiring an additional 106 shares during the period. Finally, Alhambra Investment Management LLC boosted its stake in TJX Companies by 2.0% in the fourth quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock valued at $510,000 after acquiring an additional 108 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the sale, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Friday, May 24th. The shares were 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 directly owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 50,003 shares of company stock valued at $5,060,941 in the last three months. 0.13% of the stock is currently owned by company insiders.

TJX Companies Price Performance

Shares of NYSE TJX traded down $0.49 during trading on Monday, hitting $113.81. The company had a trading volume of 5,523,878 shares, compared to its average volume of 5,477,194. The company has a market cap of $128.62 billion, a P/E ratio of 28.36, a PEG ratio of 3.06 and a beta of 0.88. The TJX Companies, Inc. has a 52 week low of $84.56 and a 52 week high of $115.35. The business’s 50-day moving average is $105.87 and its 200 day moving average is $99.76. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 earnings per share. Equities research analysts predict that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is currently 37.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TJX shares. Loop Capital lifted their target price on TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. TD Cowen lifted their target price on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Evercore ISI set a $113.00 price objective on TJX Companies in a research report on Tuesday, May 21st. UBS Group boosted their price objective on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” 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 investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.50.

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.