The TJX Companies, Inc. (NYSE:TJX) Stake Raised by Tompkins Financial Corp

Tompkins Financial Corp increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,875 shares of the apparel and home fashions retailer’s stock after acquiring an additional 769 shares during the period. TJX Companies comprises about 1.1% of Tompkins Financial Corp’s holdings, making the stock its 29th largest holding. Tompkins Financial Corp’s holdings in TJX Companies were worth $11,921,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bogart Wealth LLC bought a new stake in shares of TJX Companies during the 4th quarter worth $25,000. SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies during the 4th quarter worth $30,000. Millstone Evans Group LLC acquired a new stake in TJX Companies in the 4th quarter valued at approximately $30,000. Promus Capital LLC acquired a new stake in TJX Companies in the 4th quarter valued at approximately $32,000. Finally, Tacita Capital Inc acquired a new stake in TJX Companies in the 4th quarter valued at approximately $38,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of TJX stock opened at $127.04 on Friday. The stock’s fifty day simple moving average is $126.74 and its 200 day simple moving average is $123.79. 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 firm has a market cap of $141.92 billion, a price-to-earnings ratio of 29.89, a P/E/G ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a one year low of $101.80 and a one year high of $135.85.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate 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 61.82% and a net margin of 8.63%. TJX Companies’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. On average, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a $0.425 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.34%. TJX Companies’s payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TJX shares. Morgan Stanley set a $140.00 target price on TJX Companies and gave the company an “overweight” rating in a report on Thursday, May 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. Barclays reaffirmed an “overweight” rating and issued a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. UBS Group reaffirmed 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. Finally, Cowen reaffirmed a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $140.65.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at $59,569,772.67. The trade was a 4.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

TJX Companies Company 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.