Jacobi Capital Management LLC Raises Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Jacobi Capital Management LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,214 shares of the apparel and home fashions retailer’s stock after purchasing an additional 158 shares during the quarter. Jacobi Capital Management LLC’s holdings in TJX Companies were worth $934,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of TJX Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after buying an additional 1,269,792 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of TJX Companies by 7.9% during the 4th quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock worth $1,333,913,000 after buying an additional 1,046,148 shares during the period. Norges Bank acquired a new position in TJX Companies during the 4th quarter valued at $1,193,438,000. Jennison Associates LLC raised its stake in shares of TJX Companies by 3.9% in the 1st quarter. Jennison Associates LLC now owns 9,392,061 shares of the apparel and home fashions retailer’s stock valued at $952,543,000 after buying an additional 351,400 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of TJX Companies by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,534,165 shares of the apparel and home fashions retailer’s stock worth $612,970,000 after purchasing an additional 115,304 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 1.4 %

Shares of NYSE TJX traded up $1.52 during trading on Monday, reaching $113.27. The company had a trading volume of 4,764,615 shares, compared to its average volume of 5,465,156. The stock has a market cap of $128.01 billion, a PE ratio of 28.18, a P/E/G ratio of 2.99 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 12-month low of $85.27 and a 12-month high of $115.35. The business’s 50-day moving average is $107.39 and its 200 day moving average is $100.48.

TJX Companies (NYSE:TJX) last announced 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 analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $12.48 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $0.76 earnings per share. As a group, equities analysts forecast 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 issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is 37.22%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $58,354,191.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the sale, the chief executive officer now owns 571,148 shares in the company, valued at $58,354,191.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was 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 of the company’s stock, valued at approximately $5,042,756.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,003 shares of company stock valued at $5,060,941. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

TJX has been the topic of several recent research reports. Barclays raised their target price on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Loop Capital raised their target price on shares of TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Robert W. Baird lifted their target price on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a research report on Tuesday, May 21st. Finally, Morgan Stanley increased their target price on shares of TJX Companies from $113.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $112.67.

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.