Eagle Bay Advisors LLC Buys 272 Shares of The TJX Companies, Inc. (NYSE:TJX)

Eagle Bay Advisors LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 94.4% in the first quarter, Holdings Channel reports. The fund owned 560 shares of the apparel and home fashions retailer’s stock after acquiring an additional 272 shares during the quarter. Eagle Bay Advisors LLC’s holdings in TJX Companies were worth $57,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TJX. Valued Wealth Advisors LLC raised its stake in shares of TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares during the last quarter. First Pacific Financial bought a new position in TJX Companies during the 1st quarter worth approximately $29,000. Frazier Financial Advisors LLC acquired a new position in TJX Companies in the fourth quarter valued at $27,000. Anchor Investment Management LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at about $28,000. Finally, OFI Invest Asset Management acquired a new position in TJX Companies in the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated 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 $58,354,191.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction on 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 directly owns 23,470 shares of the company’s stock, valued at $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 ninety days. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research reports. Robert W. Baird upped their price objective on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $110.00 in a report on Thursday, April 25th. Sanford C. Bernstein upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Telsey Advisory Group boosted their price objective on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Finally, UBS Group raised their target price on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $112.67.

TJX Companies Stock Performance

NYSE TJX traded down $1.58 during trading hours on Thursday, reaching $112.39. 2,007,671 shares of the company were exchanged, compared to its average volume of 5,435,443. The stock has a market capitalization of $127.02 billion, a P/E ratio of 28.29, a P/E/G ratio of 3.08 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The TJX Companies, Inc. has a 1 year low of $84.83 and a 1 year high of $115.35. The business’s 50 day simple moving average is $106.85 and its 200-day simple moving average is $100.15.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 EPS. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current 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 $0.375 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.33%. TJX Companies’s payout ratio is presently 37.22%.

TJX Companies Company 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.