4,642 Shares in The TJX Companies, Inc. (NYSE:TJX) Purchased by LRI Investments LLC

LRI Investments LLC purchased a new position in The TJX Companies, Inc. (NYSE:TJX) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,642 shares of the apparel and home fashions retailer’s stock, valued at approximately $458,000.

Several other institutional investors also recently added to or reduced their stakes in TJX. Bedel Financial Consulting Inc. increased its holdings in shares of TJX Companies by 3.4% in the 4th quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer’s stock valued at $299,000 after acquiring an additional 104 shares during the last quarter. TRUE Private Wealth Advisors grew its stake in TJX Companies by 3.7% during the 1st quarter. TRUE Private Wealth Advisors now owns 2,932 shares of the apparel and home fashions retailer’s stock worth $297,000 after buying an additional 104 shares during the last quarter. Tandem Investment Advisors Inc. grew its stake in TJX Companies by 1.8% during the 4th quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock worth $548,000 after buying an additional 106 shares during the last quarter. TCI Wealth Advisors Inc. grew its stake in TJX Companies by 2.6% during the 1st quarter. TCI Wealth Advisors Inc. now owns 4,214 shares of the apparel and home fashions retailer’s stock worth $427,000 after buying an additional 106 shares during the last quarter. Finally, J.Safra Asset Management Corp grew its stake in TJX Companies by 9.9% during the 4th quarter. J.Safra Asset Management Corp now owns 1,196 shares of the apparel and home fashions retailer’s stock worth $112,000 after buying an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction dated 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 sale, the director now directly owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction dated 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 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, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the sale, 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. In the last ninety days, insiders sold 50,003 shares of company stock valued at $5,060,941. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.5 %

Shares of TJX Companies stock traded up $0.56 on Friday, reaching $111.83. 4,958,740 shares of the company were exchanged, compared to its average volume of 4,676,538. The stock has a fifty day moving average price of $108.70 and a 200-day moving average price of $101.11. The firm has a market capitalization of $126.38 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 2.97 and a beta of 0.88. 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 TJX Companies, Inc. has a fifty-two week low of $85.27 and a fifty-two week high of $115.35.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 64.26% and a net margin of 8.47%. TJX Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 earnings per share. On average, analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is currently 37.22%.

Analyst Ratings Changes

A number of brokerages recently commented on TJX. TD Cowen upped their price objective on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research note on Tuesday, May 21st. Evercore ISI set a $113.00 price target on TJX Companies in a research report on Tuesday, May 21st. Morgan Stanley boosted their price target on TJX Companies from $113.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Finally, Barclays boosted their price target on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.67.

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.