Grimes & Company Inc. Grows Position in The TJX Companies, Inc. (NYSE:TJX)

Grimes & Company Inc. grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,053 shares of the apparel and home fashions retailer’s stock after acquiring an additional 359 shares during the quarter. Grimes & Company Inc.’s holdings in TJX Companies were worth $918,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Frazier Financial Advisors LLC acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $27,000. Anchor Investment Management LLC acquired a new position in TJX Companies in the 4th quarter valued at $28,000. BKM Wealth Management LLC purchased a new position in shares of TJX Companies during the 4th quarter worth $30,000. Register Financial Advisors LLC acquired a new stake in shares of TJX Companies during the first quarter worth $37,000. Finally, Sachetta LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 571,148 shares in the company, valued at approximately $58,354,191.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now directly owns 110,893 shares in the company, valued at $11,089,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 20,000 shares of the company’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 transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock worth $5,060,941 over the last ninety days. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

TJX has been the subject of several recent analyst reports. BMO Capital Markets lifted their price target on TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. UBS Group boosted their target price on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research note on Tuesday, May 21st. Barclays boosted their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Finally, Sanford C. Bernstein increased their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.39.

TJX Companies Stock Performance

Shares of TJX opened at $110.10 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 firm has a market cap of $124.43 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 2.94 and a beta of 0.87. The business’s 50 day moving average is $102.48 and its two-hundred day moving average is $98.25.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same period last year, the business earned $0.76 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 15th. 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.