Cornerstone Wealth Group LLC Takes Position in The TJX Companies, Inc. (NYSE:TJX)

Cornerstone Wealth Group LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,657 shares of the apparel and home fashions retailer’s stock, valued at approximately $371,000.

Other large investors also recently modified their holdings of the company. Running Oak Capital LLC boosted its position in shares of TJX Companies by 10.9% in the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after acquiring an additional 11,036 shares during the period. Ferguson Wellman Capital Management Inc. raised its stake in TJX Companies by 3.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock valued at $56,613,000 after purchasing an additional 21,767 shares in the last quarter. Savoir Faire Capital Management L.P. purchased a new stake in TJX Companies in the third quarter valued at approximately $3,197,000. Gateway Investment Advisers LLC raised its stake in TJX Companies by 42.9% in the fourth quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock valued at $1,793,000 after purchasing an additional 5,737 shares in the last quarter. Finally, Options Solutions LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $726,000. 91.09% of the stock is currently owned by institutional investors.

Insider Activity at TJX Companies

In related news, EVP Louise Greenlees sold 8,171 shares of TJX Companies stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares in the company, valued at $5,042,756.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. 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 quarter. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a research note on Tuesday, May 21st. BMO Capital Markets lifted their price target on shares of TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. TD Cowen lifted their price target on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Evercore ISI set a $113.00 price target on shares of TJX Companies in a research note on Tuesday, May 21st. Finally, Telsey Advisory Group lifted their price target on shares of TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.39.

TJX Companies Stock Down 0.4 %

Shares of NYSE TJX opened at $110.10 on Monday. 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 TJX Companies, Inc. has a 52 week low of $82.25 and a 52 week high of $111.79. The firm’s fifty day moving average is $102.48 and its 200 day moving average is $98.30. The company 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 0.88.

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 for the quarter, beating the consensus estimate of $0.87 by $0.06. The business had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Dividend Announcement

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

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.