InTrack Investment Management Inc Acquires 2,447 Shares of The TJX Companies, Inc. (NYSE:TJX)

InTrack Investment Management Inc raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 48.5% during the 1st quarter, Holdings Channel reports. The fund owned 7,497 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,447 shares during the period. InTrack Investment Management Inc’s holdings in TJX Companies were worth $913,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bogart Wealth LLC bought a new stake in TJX Companies during the fourth quarter valued at about $25,000. Millstone Evans Group LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $30,000. Promus Capital LLC purchased a new position in shares of TJX Companies in the 4th quarter worth approximately $32,000. Tacita Capital Inc purchased a new position in shares of TJX Companies in the 4th quarter worth approximately $38,000. Finally, Rialto Wealth Management LLC raised its stake in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock worth $42,000 after acquiring an additional 179 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Down 0.2%

NYSE:TJX opened at $126.07 on Wednesday. The TJX Companies, Inc. has a 1-year low of $106.18 and a 1-year high of $135.85. 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 capitalization of $140.83 billion, a P/E ratio of 29.66, a PEG ratio of 2.75 and a beta of 0.90. The company’s fifty day moving average price is $127.67 and its 200-day moving average price is $124.22.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data 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 business had revenue of $13.11 billion during the quarter, compared to analysts’ expectations of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. TJX Companies’s payout ratio is 40.00%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TJX shares. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Wells Fargo & Company reiterated an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. Telsey Advisory Group restated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. Loop Capital set a $150.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 22nd. Finally, Barclays reissued an “overweight” rating and issued a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $141.53.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.