The TJX Companies, Inc. (NYSE:TJX) Position Increased by Carl P. Sherr & Co. LLC

Carl P. Sherr & Co. LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,182 shares of the apparel and home fashions retailer’s stock after acquiring an additional 220 shares during the period. Carl P. Sherr & Co. LLC’s holdings in TJX Companies were worth $1,484,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Tredje AP fonden boosted its position in shares of TJX Companies by 11.8% in the first quarter. Tredje AP fonden now owns 507,311 shares of the apparel and home fashions retailer’s stock worth $61,790,000 after buying an additional 53,714 shares during the period. Bayforest Capital Ltd lifted its stake in TJX Companies by 26.0% in the 1st quarter. Bayforest Capital Ltd now owns 1,263 shares of the apparel and home fashions retailer’s stock worth $154,000 after acquiring an additional 261 shares in the last quarter. Eastern Bank lifted its stake in TJX Companies by 15.4% in the 1st quarter. Eastern Bank now owns 127,237 shares of the apparel and home fashions retailer’s stock worth $15,497,000 after acquiring an additional 16,943 shares in the last quarter. Vestcor Inc boosted its position in TJX Companies by 11.0% during the 1st quarter. Vestcor Inc now owns 23,632 shares of the apparel and home fashions retailer’s stock worth $2,878,000 after acquiring an additional 2,345 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new position in TJX Companies during the 1st quarter valued at about $1,702,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.8%

TJX opened at $126.45 on Wednesday. The firm has a market cap of $141.26 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The business has a 50 day moving average price of $125.21 and a 200 day moving average price of $124.37. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 58.81% and a net margin of 8.47%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $0.93 earnings per share. Research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.34%. TJX Companies’s dividend payout ratio (DPR) is presently 40.00%.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TJX. UBS Group reiterated a “buy” rating and issued a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Daiwa America raised shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, July 8th. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research report on Wednesday, May 21st. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Daiwa Capital Markets assumed coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They issued an “outperform” rating and a $133.00 price target on the stock. One investment analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $141.06.

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.