Meyer Handelman Co. Buys 9,890 Shares of The TJX Companies, Inc. (NYSE:TJX)

Meyer Handelman Co. boosted its holdings in The TJX Companies, Inc. (NYSE:TJXGet Rating) by 8.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,675 shares of the apparel and home fashions retailer’s stock after buying an additional 9,890 shares during the quarter. Meyer Handelman Co.’s holdings in TJX Companies were worth $7,131,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TJX. Private Capital Group LLC grew its position in shares of TJX Companies by 5.6% during the 1st quarter. Private Capital Group LLC now owns 2,829 shares of the apparel and home fashions retailer’s stock worth $171,000 after buying an additional 150 shares during the period. CWM LLC lifted its position in shares of TJX Companies by 1.1% in the first quarter. CWM LLC now owns 14,480 shares of the apparel and home fashions retailer’s stock worth $877,000 after purchasing an additional 158 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in TJX Companies by 0.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 26,903 shares of the apparel and home fashions retailer’s stock worth $1,630,000 after acquiring an additional 160 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC raised its position in TJX Companies by 32.6% during the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 663 shares of the apparel and home fashions retailer’s stock worth $40,000 after acquiring an additional 163 shares in the last quarter. Finally, Bowman & Co S.C. raised its position in TJX Companies by 2.4% during the first quarter. Bowman & Co S.C. now owns 7,270 shares of the apparel and home fashions retailer’s stock worth $440,000 after acquiring an additional 167 shares in the last quarter. Institutional investors own 90.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on TJX. Cowen lifted their price objective on shares of TJX Companies from $72.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, August 18th. Gordon Haskett downgraded shares of TJX Companies from a “buy” rating to a “hold” rating and cut their target price for the stock from $67.00 to $60.00 in a research report on Thursday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $71.00 to $80.00 in a research report on Friday, September 16th. Barclays boosted their price target on shares of TJX Companies from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. Finally, StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.94.

Insiders Place Their Bets

In other news, EVP Louise Greenlees sold 8,822 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $68.00, for a total transaction of $599,896.00. Following the transaction, the executive vice president now owns 58,335 shares in the company, valued at approximately $3,966,780. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Chairman Carol Meyrowitz sold 70,720 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $67.62, for a total value of $4,782,086.40. Following the transaction, the chairman now directly owns 264,967 shares in the company, valued at $17,917,068.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Louise Greenlees sold 8,822 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $68.00, for a total transaction of $599,896.00. Following the completion of the sale, the executive vice president now owns 58,335 shares in the company, valued at $3,966,780. The disclosure for this sale can be found here. Insiders sold a total of 146,375 shares of company stock valued at $9,821,034 in the last quarter. Insiders own 0.19% of the company’s stock.

TJX Companies Trading Down 1.5 %

Shares of TJX Companies stock traded down $0.93 during trading hours on Friday, reaching $61.08. 107,123 shares of the company’s stock were exchanged, compared to its average volume of 4,514,089. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $70.92 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.93 and a beta of 0.90. The company has a fifty day moving average of $63.80 and a 200-day moving average of $61.65. The TJX Companies, Inc. has a 52-week low of $53.69 and a 52-week high of $77.35.

TJX Companies (NYSE:TJXGet Rating) last posted its quarterly earnings results on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The business had revenue of $11.84 billion during the quarter, compared to the consensus estimate of $12.05 billion. TJX Companies had a return on equity of 61.19% and a net margin of 6.77%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.79 earnings per share. Sell-side analysts forecast that The TJX Companies, Inc. will post 3.11 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, November 9th. TJX Companies’s dividend payout ratio is 42.14%.

TJX Companies Company Profile

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The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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