Jacobi Capital Management LLC Has $934,000 Stake in The TJX Companies, Inc. (NYSE:TJX)

Jacobi Capital Management LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,214 shares of the apparel and home fashions retailer’s stock after purchasing an additional 158 shares during the period. Jacobi Capital Management LLC’s holdings in TJX Companies were worth $934,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Running Oak Capital LLC boosted its position in TJX Companies by 10.9% in the 1st 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 buying an additional 11,036 shares during the last quarter. New Mexico Educational Retirement Board boosted its position in shares of TJX Companies by 15.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after purchasing an additional 9,500 shares during the last quarter. Options Solutions LLC bought a new position in shares of TJX Companies in the 4th quarter worth $726,000. Advisors Capital Management LLC boosted its position in shares of TJX Companies by 3.7% in the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after purchasing an additional 20,629 shares during the last quarter. Finally, Ethos Financial Group LLC bought a new position in shares of TJX Companies in the 4th quarter worth $269,000. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TJX shares. Morgan Stanley raised their price target on TJX Companies from $113.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group raised their price target on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Telsey Advisory Group raised their price target on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Evercore ISI set a $113.00 target price on TJX Companies in a report on Tuesday, May 21st. Finally, TD Cowen lifted their target price on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $112.67.

TJX Companies Stock Up 1.4 %

Shares of NYSE:TJX traded up $1.52 during midday trading on Monday, reaching $113.27. The company had a trading volume of 4,764,615 shares, compared to its average volume of 5,465,156. 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 business’s 50 day moving average price is $107.39 and its 200 day moving average price is $100.48. The stock has a market cap of $128.01 billion, a PE ratio of 28.18, a P/E/G ratio of 2.99 and a beta of 0.88. The TJX Companies, Inc. has a 1-year low of $85.27 and a 1-year high of $115.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. Research analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal 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 given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is currently 37.22%.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following 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 document filed with the Securities & Exchange Commission, which is available at this link. In other TJX Companies 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 sale, the director now owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Louise Greenlees sold 8,171 shares of the 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 completion of the transaction, the executive vice president now owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock valued at $5,060,941 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

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.