Bowman & Co S.C. Has $1.16 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Bowman & Co S.C. reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,473 shares of the apparel and home fashions retailer’s stock after selling 221 shares during the quarter. Bowman & Co S.C.’s holdings in TJX Companies were worth $1,164,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new position in TJX Companies during the 4th quarter worth approximately $27,000. Anchor Investment Management LLC acquired a new position in TJX Companies during the 4th quarter worth approximately $28,000. BKM Wealth Management LLC acquired a new position in TJX Companies during the 4th quarter worth approximately $30,000. Sachetta LLC acquired a new position in TJX Companies during the 4th quarter worth approximately $38,000. Finally, Security National Bank bought a new stake in TJX Companies during the 4th quarter worth approximately $40,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the sale, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on 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 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 Securities & Exchange Commission, which is available at this link. Also, Director Amy B. Lane sold 1,500 shares of the stock in a transaction on 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 owns 23,470 shares in the company, valued at approximately $2,395,582.90. The disclosure for this sale can be found here. Insiders have sold a total of 50,003 shares of company stock worth $5,060,941 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $110.54 on Thursday. The stock has a fifty day simple moving average of $101.44 and a two-hundred day simple moving average of $97.90. The TJX Companies, Inc. has a 1-year low of $82.25 and a 1-year high of $111.79. The firm has a market cap of $124.93 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 2.96 and a beta of 0.87. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 earnings per share. Analysts anticipate that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies announced that its board has authorized a share buyback plan on Wednesday, February 28th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to reacquire up to 2.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. TJX Companies’s dividend payout ratio is currently 37.22%.

Analyst Ratings Changes

A number of analysts have commented on TJX shares. Robert W. Baird boosted their price objective on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. UBS Group boosted their price objective on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. BMO Capital Markets boosted their price objective on TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. TD Cowen boosted their price objective on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 target price on 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 company’s stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.37.

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.