Wealthcare Advisory Partners LLC Raises Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Wealthcare Advisory Partners LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 30,353 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,287 shares during the period. Wealthcare Advisory Partners LLC’s holdings in TJX Companies were worth $3,078,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Frazier Financial Advisors LLC acquired a new stake in TJX Companies in the 4th quarter worth about $27,000. Anchor Investment Management LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth approximately $28,000. BKM Wealth Management LLC acquired a new position in TJX Companies in the 4th quarter valued at $30,000. Sachetta LLC purchased a new position in TJX Companies in the 4th quarter valued at $38,000. Finally, Security National Bank acquired a new stake in TJX Companies during the 4th quarter worth $40,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the sale, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the sale, the chief executive officer now directly owns 571,148 shares in the company, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Insiders have sold a total of 50,003 shares of company stock valued at $5,060,941 in the last ninety days. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.1 %

TJX opened at $110.61 on Friday. The TJX Companies, Inc. has a 52 week low of $82.25 and a 52 week high of $111.79. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $101.79 and a 200-day simple moving average of $97.98. The firm has a market cap of $125.01 billion, a P/E ratio of 27.45, a P/E/G ratio of 2.96 and a beta of 0.87.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $12.48 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. On average, equities analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The firm 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 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, August 15th. TJX Companies’s payout ratio is currently 37.22%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Robert W. Baird increased their target price on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. BMO Capital Markets upped their target price on TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Barclays raised their target price on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $110.37.

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.