Defined Financial Planning LLC Raises Position in The TJX Companies, Inc. (NYSE:TJX)

Defined Financial Planning LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 22.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,065 shares of the apparel and home fashions retailer’s stock after purchasing an additional 378 shares during the period. Defined Financial Planning LLC’s holdings in TJX Companies were worth $253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TJX. Shell Asset Management Co. increased its holdings in TJX Companies by 16.5% in the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock worth $3,524,000 after acquiring an additional 4,128 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in TJX Companies by 10.1% in the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock worth $88,992,000 after buying an additional 67,853 shares during the period. Ethic Inc. lifted its position in shares of TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock worth $20,196,000 after acquiring an additional 29,158 shares in the last quarter. Fiduciary Trust Co grew its position in shares of TJX Companies by 5.2% in the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock valued at $349,284,000 after purchasing an additional 144,113 shares in the last quarter. Finally, Congress Asset Management Co. raised its stake in shares of TJX Companies by 1.1% during the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after purchasing an additional 13,036 shares during the period. 91.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on TJX shares. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Robert W. Baird lifted their price objective on TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $141.53.

TJX Companies Stock Performance

TJX Companies stock opened at $124.54 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market cap of $139.12 billion, a P/E ratio of 29.30, a P/E/G ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 1-year low of $106.18 and a 1-year high of $135.85. The firm has a 50-day moving average of $127.73 and a 200-day moving average of $124.22.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $13.11 billion for the quarter, compared to analysts’ expectations of $13.01 billion. During the same quarter in the previous year, the business posted $0.93 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.37%. TJX Companies’s dividend payout ratio is presently 40.00%.

About TJX Companies

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.