Larson Financial Group LLC Buys 1,239 Shares of The TJX Companies, Inc. (NYSE:TJX)

Larson Financial Group LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 190.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,890 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,239 shares during the period. Larson Financial Group LLC’s holdings in TJX Companies were worth $192,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in TJX. Callan Capital LLC acquired a new stake in TJX Companies during the first quarter worth $207,000. MRA Advisory Group boosted its position in shares of TJX Companies by 102.2% during the 1st quarter. MRA Advisory Group now owns 4,406 shares of the apparel and home fashions retailer’s stock valued at $447,000 after acquiring an additional 2,227 shares in the last quarter. Commerce Bank raised its position in TJX Companies by 2.8% in the first quarter. Commerce Bank now owns 108,306 shares of the apparel and home fashions retailer’s stock worth $10,984,000 after purchasing an additional 2,909 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in TJX Companies by 77.1% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 330,451 shares of the apparel and home fashions retailer’s stock worth $33,514,000 after purchasing an additional 143,829 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. boosted its holdings in TJX Companies by 3.2% during the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 22,010 shares of the apparel and home fashions retailer’s stock valued at $2,232,000 after purchasing an additional 685 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TJX shares. TD Cowen raised their target price on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Barclays boosted their target price 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. Robert W. Baird increased their target price on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. UBS Group boosted their price target on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, Loop Capital raised their price objective on shares of TJX Companies from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.50.

TJX Companies Trading Up 0.7 %

Shares of TJX stock traded up $0.82 on Wednesday, reaching $112.97. 4,240,645 shares of the stock were exchanged, compared to its average volume of 5,504,072. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The TJX Companies, Inc. has a one year low of $83.60 and a one year high of $112.97. The stock has a market cap of $127.67 billion, a PE ratio of 27.95, a P/E/G ratio of 3.00 and a beta of 0.88. The stock has a 50 day moving average price of $104.72 and a 200 day moving average price of $99.31.

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. The firm 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%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 EPS. Equities research analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.33%. TJX Companies’s payout ratio is presently 37.22%.

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now directly owns 23,470 shares in the company, valued at approximately $2,395,582.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TJX Companies 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 value of $153,105.00. Following the completion of the sale, the director now owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies 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 transaction, the chief executive officer now directly owns 571,148 shares in the company, valued at $58,354,191.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,003 shares of company stock valued at $5,060,941. Company insiders own 0.13% of the company’s stock.

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.