1,301 Shares in The TJX Companies, Inc. (NYSE:TJX) Bought by Park Square Financial Group LLC

Park Square Financial Group LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,301 shares of the apparel and home fashions retailer’s stock, valued at approximately $157,000.

A number of other institutional investors have also recently added to or reduced their stakes in TJX. Brighton Jones LLC grew its stake in TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after buying an additional 8,002 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in TJX Companies during the 4th quarter worth $698,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in TJX Companies by 25.1% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,869 shares of the apparel and home fashions retailer’s stock worth $588,000 after buying an additional 976 shares during the last quarter. Drive Wealth Management LLC grew its stake in TJX Companies by 3.7% during the 4th quarter. Drive Wealth Management LLC now owns 3,713 shares of the apparel and home fashions retailer’s stock worth $449,000 after buying an additional 133 shares during the last quarter. Finally, Cornerstone Wealth Group LLC grew its stake in TJX Companies by 3.7% during the 4th quarter. Cornerstone Wealth Group LLC now owns 5,309 shares of the apparel and home fashions retailer’s stock worth $641,000 after buying an additional 188 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Up 1.7%

NYSE:TJX opened at $127.85 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1-year low of $101.01 and a 1-year high of $135.85. The firm has a market capitalization of $142.82 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The stock has a fifty day simple moving average of $126.39 and a 200 day simple moving average of $123.71.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter last year, the company posted $0.93 EPS. TJX Companies’s revenue for the quarter was up 5.1% on a year-over-year basis. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s payout ratio is 40.00%.

Insider Activity

In other news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TJX. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. Barclays reissued an “overweight” rating and issued a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Robert W. Baird increased their price target on TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, May 22nd. Finally, UBS Group reissued a “buy” rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $140.65.

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.