The TJX Companies, Inc. (NYSE:TJX) Stock Position Increased by Kowal Investment Group LLC

Kowal Investment Group LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 6.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,742 shares of the apparel and home fashions retailer’s stock after buying an additional 165 shares during the period. Kowal Investment Group LLC’s holdings in TJX Companies were worth $278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Frazier Financial Advisors LLC purchased a new position in TJX Companies in the fourth quarter valued at about $27,000. Anchor Investment Management LLC purchased a new position in TJX Companies in the fourth quarter valued at about $28,000. BKM Wealth Management LLC purchased a new position in TJX Companies in the fourth quarter valued at about $30,000. Register Financial Advisors LLC bought a new stake in shares of TJX Companies during the 1st quarter worth about $37,000. Finally, Sachetta LLC bought a new stake in shares of TJX Companies during the 4th quarter worth about $38,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other 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 transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on 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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction dated Tuesday, May 28th. The shares were 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 directly owns 23,470 shares in the company, valued at approximately $2,395,582.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,003 shares of company stock worth $5,060,941. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TJX. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research note on Tuesday, May 21st. UBS Group upped their price target on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Sanford C. Bernstein upped their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Evercore ISI set a $113.00 price objective on TJX Companies in a research report on Tuesday, May 21st. Finally, 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 research report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.39.

TJX Companies Trading Up 0.4 %

Shares of TJX opened at $110.58 on Tuesday. The TJX Companies, Inc. has a 1 year low of $82.25 and a 1 year high of $111.79. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The stock has a 50 day simple moving average of $102.48 and a 200-day simple moving average of $98.30. The stock has a market cap of $124.97 billion, a PE ratio of 27.44, a PEG ratio of 2.94 and a beta of 0.88.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $12.48 billion. During the same period in the prior year, the firm posted $0.76 EPS. TJX Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm 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. The ex-dividend date is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.36%. TJX Companies’s dividend payout ratio (DPR) is presently 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.