CHICAGO TRUST Co NA Acquires Shares of 2,324 The TJX Companies, Inc. (NYSE:TJX)

CHICAGO TRUST Co NA bought a new position in The TJX Companies, Inc. (NYSE:TJX) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,324 shares of the apparel and home fashions retailer’s stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Frazier Financial Advisors LLC purchased a new stake in TJX Companies in the fourth quarter worth $27,000. Anchor Investment Management LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at about $28,000. BKM Wealth Management LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at about $30,000. Sachetta LLC bought a new position in TJX Companies in the fourth quarter worth about $38,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in TJX Companies in the fourth quarter worth about $40,000. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the subject of several research reports. Robert W. Baird increased their target price on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. UBS Group raised their price objective on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Telsey Advisory Group upped their target price on shares of TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. BMO Capital Markets lifted their price target on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $110.37.

TJX Companies Trading Up 0.0 %

Shares of TJX Companies stock opened at $111.05 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The stock has a market capitalization of $125.50 billion, a PE ratio of 27.56, a P/E/G ratio of 2.97 and a beta of 0.87. The TJX Companies, Inc. has a 1-year low of $81.65 and a 1-year high of $111.57. The company’s fifty day simple moving average is $101.09 and its 200-day simple moving average is $97.74.

TJX Companies (NYSE:TJX) last released 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. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. TJX Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is 37.22%.

TJX Companies declared that its Board of Directors has approved a share buyback program on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to reacquire up to 2.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other TJX Companies 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 sale, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at $11,089,300. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the transaction, 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 available at the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president now owns 110,893 shares in the company, valued at $11,089,300. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,003 shares of company stock valued at $5,060,941. Company insiders own 0.13% of the company’s stock.

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.