L. Roy Papp & Associates LLP Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

L. Roy Papp & Associates LLP grew its position in The TJX Companies, Inc. (NYSE:TJX) by 10.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,331 shares of the apparel and home fashions retailer’s stock after acquiring an additional 226 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in TJX Companies were worth $284,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bogart Wealth LLC acquired a new stake in TJX Companies during the 4th quarter worth $25,000. SOA Wealth Advisors LLC. purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $30,000. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $30,000. Promus Capital LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth about $32,000. Finally, Tacita Capital Inc purchased a new position in shares of TJX Companies during the fourth quarter worth about $38,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction 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 transaction, the director now owns 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $128.12 on Thursday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a fifty-two week low of $105.53 and a fifty-two week high of $135.85. The stock has a market cap of $143.12 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The firm’s fifty day simple moving average is $127.41 and its 200-day simple moving average is $124.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. Analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. 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 dividend yield of 1.33%. TJX Companies’s payout ratio is 40.00%.

Analyst Ratings Changes

TJX has been the subject of several analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. TD Securities increased their price target on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Cowen reiterated a “buy” rating on shares of TJX Companies in a research report on Tuesday, May 20th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $141.53.

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.