Westside Investment Management Inc. Acquires 131 Shares of The TJX Companies, Inc. (NYSE:TJX)

Westside Investment Management Inc. lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 43.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 431 shares of the apparel and home fashions retailer’s stock after purchasing an additional 131 shares during the quarter. Westside Investment Management Inc.’s holdings in TJX Companies were worth $47,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC boosted its holdings in shares of TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of TJX Companies during the fourth quarter worth approximately $27,000. First Pacific Financial acquired a new stake in TJX Companies in the 1st quarter worth about $29,000. OFI Invest Asset Management bought a new stake in shares of TJX Companies during the 1st quarter valued at $30,000. Finally, AlphaMark Advisors LLC increased its stake in TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after acquiring an additional 122 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In related news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction that occurred 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 transaction, 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 SEC, which can be accessed through this link. In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the transaction, the executive vice president now directly owns 110,893 shares in the company, valued at $11,089,300. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the transaction, 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. Insiders have sold 50,003 shares of company stock valued at $5,060,941 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Telsey Advisory Group raised their target price on TJX Companies from $115.00 to $128.00 and gave the company an “outperform” rating in a report on Wednesday. BMO Capital Markets boosted their target price on TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research note on Tuesday, May 21st. UBS Group increased their price objective on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, TD Cowen boosted their target price on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $113.39.

TJX Companies Trading Up 0.2 %

Shares of TJX stock traded up $0.18 during mid-day trading on Friday, hitting $111.66. The company’s stock had a trading volume of 2,059,975 shares, compared to its average volume of 5,368,075. The company has a market cap of $126.19 billion, a PE ratio of 27.66, a P/E/G ratio of 2.90 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The company’s fifty day simple moving average is $111.07 and its 200-day simple moving average is $102.62. The TJX Companies, Inc. has a 52 week low of $86.71 and a 52 week high of $115.35.

TJX Companies (NYSE:TJX) last issued 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 firm 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%. The company’s revenue 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. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.12 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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