Bank OZK Has $2.72 Million Stake in The TJX Companies, Inc. $TJX

Bank OZK trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,360 shares of the apparel and home fashions retailer’s stock after selling 440 shares during the period. TJX Companies comprises about 1.1% of Bank OZK’s investment portfolio, making the stock its 25th largest holding. Bank OZK’s holdings in TJX Companies were worth $2,723,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TCTC Holdings LLC grew its stake in TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its position in shares of TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock worth $36,000 after buying an additional 110 shares during the period. Iron Horse Wealth Management LLC boosted its position in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock worth $36,000 after buying an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies during the first quarter worth about $37,000. Finally, Rialto Wealth Management LLC boosted its position in shares of 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 buying an additional 179 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TJX has been the subject of several recent research reports. Daiwa America raised TJX Companies to a “strong-buy” rating in a research report on Tuesday, July 8th. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. Barclays reaffirmed an “overweight” rating and set a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price objective on shares of TJX Companies in a research report on Wednesday, August 13th. One research analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $141.33.

TJX Companies Stock Up 0.4%

TJX stock opened at $133.09 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $148.67 billion, a PE ratio of 31.32, a PEG ratio of 3.09 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $135.85. The business’s 50 day simple moving average is $126.05 and its 200 day simple moving average is $125.16.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.93 EPS. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 1.3%. TJX Companies’s payout ratio is presently 40.00%.

Insider Buying and Selling 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 transaction of $121,685.50. Following the transaction, the director directly owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

About TJX Companies

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.