The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 219.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,579 shares of the apparel and home fashions retailer’s stock after acquiring an additional 9,333 shares during the period. Koshinski Asset Management Inc.’s holdings in TJX Companies were worth $1,377,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC raised its holdings in 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 worth $25,000 after purchasing an additional 177 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in TJX Companies during the 4th quarter worth $27,000. Anchor Investment Management LLC purchased a new stake in TJX Companies in the fourth quarter valued at $28,000. First Pacific Financial acquired a new position in TJX Companies in the first quarter valued at $29,000. Finally, BKM Wealth Management LLC purchased a new position in shares of TJX Companies during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity

In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of TJX Companies stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the transaction, the executive vice president now owns 49,570 shares in the company, valued at $5,042,756.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction dated 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 approximately $11,089,300. The disclosure for this sale can be found here. In the last three months, insiders sold 50,003 shares of company stock worth $5,060,941. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TJX. Telsey Advisory Group boosted their target price on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Loop Capital increased their price objective on TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a report on Tuesday, May 21st. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Finally, Robert W. Baird upped their target price 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. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $112.67.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $0.97 during trading on Thursday, reaching $113.00. The company’s stock had a trading volume of 1,000,611 shares, compared to its average volume of 5,428,093. The business has a 50 day moving average price of $106.85 and a 200-day moving average price of $100.15. The TJX Companies, Inc. has a 12-month low of $84.83 and a 12-month high of $115.35. The company has a market capitalization of $127.71 billion, a P/E ratio of 28.29, a price-to-earnings-growth 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.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. The company had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.09 EPS 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 issued a $0.375 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.33%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

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.