4,642 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by LRI Investments LLC

LRI Investments LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,642 shares of the apparel and home fashions retailer’s stock, valued at approximately $458,000.

Other large investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC boosted its holdings in shares of TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 177 shares in the last quarter. First Pacific Financial acquired a new stake in shares of TJX Companies in the 1st quarter valued at $29,000. Frazier Financial Advisors LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at $27,000. OFI Invest Asset Management acquired a new stake in shares of TJX Companies in the 1st quarter valued at $30,000. Finally, AlphaMark Advisors LLC boosted its holdings in shares of TJX Companies by 58.4% in the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TJX. Morgan Stanley increased their price target on TJX Companies from $113.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research note on Tuesday, May 21st. UBS Group increased their price target on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Finally, Evercore ISI set a $113.00 price target on TJX Companies in a research note on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.67.

TJX Companies Trading Up 0.5 %

TJX Companies stock traded up $0.56 during trading hours on Friday, reaching $111.83. 4,958,740 shares of the company’s stock were exchanged, compared to its average volume of 4,676,538. 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 firm’s 50 day simple moving average is $108.70 and its 200 day simple moving average is $101.11. The TJX Companies, Inc. has a twelve month low of $85.27 and a twelve month high of $115.35. The firm has a market capitalization of $126.38 billion, a PE ratio of 27.75, a PEG ratio of 2.97 and a beta of 0.88.

TJX Companies (NYSE:TJX) last issued 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. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The firm had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period last year, the business posted $0.76 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. Research analysts predict that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued 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 1.34%. TJX Companies’s payout ratio is currently 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 dated Tuesday, May 28th. The stock was 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,003 shares of company stock worth $5,060,941. Company insiders own 0.13% of the company’s stock.

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.