Norris Perne & French LLP MI Raises Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Norris Perne & French LLP MI grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.5% during the first quarter, Holdings Channel reports. The firm owned 130,728 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,995 shares during the quarter. Norris Perne & French LLP MI’s holdings in TJX Companies were worth $13,258,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new stake in TJX Companies during the fourth quarter worth about $27,000. Anchor Investment Management LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth approximately $28,000. BKM Wealth Management LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth approximately $30,000. Register Financial Advisors LLC purchased a new stake in shares of TJX Companies during the first quarter worth approximately $37,000. Finally, Sachetta LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth approximately $38,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TJX has been the topic of a number of recent research reports. Barclays upped their target price on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. TD Cowen upped their target price on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Evercore ISI set a $113.00 target price on shares of TJX Companies in a research note on Tuesday, May 21st. BMO Capital Markets increased their price target on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Finally, The Goldman Sachs Group upgraded shares of 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. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average target price of $110.37.

TJX Companies Stock Performance

Shares of TJX stock traded down $0.45 during trading hours on Friday, hitting $110.10. The stock had a trading volume of 12,781,419 shares, compared to its average volume of 6,462,926. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The stock’s 50 day moving average is $102.48 and its 200 day moving average is $98.21. The TJX Companies, Inc. has a twelve month low of $82.25 and a twelve month high of $111.79. The firm has a market capitalization of $124.43 billion, a PE ratio of 27.32, a PEG ratio of 2.96 and a beta of 0.87.

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 the consensus estimate 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 company earned $0.76 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is presently 37.22%.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the sale, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction on 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 transaction, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the transaction, the executive vice president now owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock valued at $5,060,941 over the last three months. 0.13% of the stock is currently owned by company insiders.

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.