The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Consolidated Planning Corp

Consolidated Planning Corp boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,600 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,841 shares during the period. Consolidated Planning Corp’s holdings in TJX Companies were worth $4,214,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TJX. Brighton Jones LLC grew its holdings in TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after acquiring an additional 235 shares during the last quarter. Highview Capital Management LLC DE boosted its stake in TJX Companies by 4.4% during the 4th quarter. Highview Capital Management LLC DE now owns 25,565 shares of the apparel and home fashions retailer’s stock valued at $3,089,000 after acquiring an additional 1,078 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in TJX Companies by 0.8% during the 4th quarter. First Horizon Advisors Inc. now owns 215,693 shares of the apparel and home fashions retailer’s stock valued at $26,058,000 after acquiring an additional 1,677 shares during the last quarter. Finally, TCW Group Inc. boosted its stake in TJX Companies by 2.2% during the 4th quarter. TCW Group Inc. now owns 15,818 shares of the apparel and home fashions retailer’s stock valued at $1,911,000 after acquiring an additional 335 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on TJX. UBS Group reiterated a “buy” rating and set a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Barclays reiterated an “overweight” rating and set a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. BMO Capital Markets reiterated an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $141.53.

TJX Companies Stock Up 0.7%

TJX stock opened at $123.35 on Monday. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The firm’s 50-day simple moving average is $127.66 and its 200 day simple moving average is $124.09. The stock has a market cap of $137.80 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 2.92 and a beta of 0.90.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion for the quarter, compared to analysts’ expectations of $13.01 billion. During the same quarter last year, the company earned $0.93 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.38%. TJX Companies’s dividend payout ratio (DPR) is presently 40.00%.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director now owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.