Kelly Financial Services LLC Acquires New Holdings in The TJX Companies, Inc. (NYSE:TJX)

Kelly Financial Services LLC acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the first quarter, HoldingsChannel reports. The firm acquired 3,254 shares of the apparel and home fashions retailer’s stock, valued at approximately $396,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bogart Wealth LLC acquired a new position in TJX Companies during the fourth quarter worth about $25,000. Millstone Evans Group LLC acquired a new position in TJX Companies during the fourth quarter worth about $30,000. Promus Capital LLC acquired a new position in TJX Companies during the fourth quarter worth about $32,000. Tacita Capital Inc acquired a new position in TJX Companies during the fourth quarter worth about $38,000. Finally, Rialto Wealth Management LLC grew its holdings in TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock worth $42,000 after acquiring an additional 179 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TJX. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, May 21st. Cowen reaffirmed a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. Barclays reaffirmed an “overweight” rating and set a $147.00 target price (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. TD Securities lifted their target price on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.53.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director now owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies Price Performance

Shares of TJX opened at $124.54 on Thursday. The company has a market capitalization of $139.12 billion, a price-to-earnings ratio of 29.30, a P/E/G ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a fifty-two week low of $106.18 and a fifty-two week high of $135.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The business’s 50-day moving average is $127.73 and its 200-day moving average is $124.22.

TJX Companies (NYSE:TJX) last issued its 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. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.37%. TJX Companies’s payout ratio is 40.00%.

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.