TJX Companies Inc (TJX) Position Boosted by HL Financial Services LLC

HL Financial Services LLC lifted its position in shares of TJX Companies Inc (NYSE:TJX) by 1.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,529,128 shares of the apparel and home fashions retailer’s stock after buying an additional 36,955 shares during the period. TJX Companies accounts for approximately 2.1% of HL Financial Services LLC’s portfolio, making the stock its 11th largest holding. HL Financial Services LLC’s holdings in TJX Companies were worth $134,575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TJX. Washington Trust Bank raised its stake in TJX Companies by 2.1% during the first quarter. Washington Trust Bank now owns 9,246 shares of the apparel and home fashions retailer’s stock worth $492,000 after purchasing an additional 190 shares during the period. Webster Bank N. A. raised its stake in TJX Companies by 10.3% during the first quarter. Webster Bank N. A. now owns 2,446 shares of the apparel and home fashions retailer’s stock worth $130,000 after purchasing an additional 228 shares during the period. Gyroscope Capital Management Group LLC raised its stake in TJX Companies by 1.6% during the first quarter. Gyroscope Capital Management Group LLC now owns 15,309 shares of the apparel and home fashions retailer’s stock worth $830,000 after purchasing an additional 238 shares during the period. Verity & Verity LLC raised its stake in TJX Companies by 0.5% during the first quarter. Verity & Verity LLC now owns 49,014 shares of the apparel and home fashions retailer’s stock worth $2,608,000 after purchasing an additional 240 shares during the period. Finally, Spectrum Management Group Inc. raised its stake in TJX Companies by 2.2% during the first quarter. Spectrum Management Group Inc. now owns 13,045 shares of the apparel and home fashions retailer’s stock worth $694,000 after purchasing an additional 275 shares during the period. 91.13% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on TJX shares. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Wednesday, May 1st. Argus increased their price target on shares of TJX Companies to $62.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Cfra raised shares of TJX Companies to a “buy” rating and set a $60.00 price target on the stock in a research note on Thursday, February 28th. MKM Partners increased their price target on shares of TJX Companies from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, February 28th. Finally, Loop Capital increased their price target on shares of TJX Companies from $47.00 to $50.00 and gave the stock a “hold” rating in a research note on Wednesday, February 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $55.58.



In related news, EVP Richard Sherr sold 43,000 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $54.08, for a total transaction of $2,325,440.00. Following the completion of the sale, the executive vice president now directly owns 118,708 shares of the company’s stock, valued at approximately $6,419,728.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Scott Goldenberg sold 37,248 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $53.90, for a total transaction of $2,007,667.20. Following the sale, the chief financial officer now directly owns 195,712 shares of the company’s stock, valued at $10,548,876.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,498 shares of company stock valued at $5,933,022. Company insiders own 0.18% of the company’s stock.

TJX Companies stock opened at $52.48 on Tuesday. TJX Companies Inc has a 52-week low of $41.49 and a 52-week high of $56.64. The firm has a market capitalization of $63.75 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.89 and a beta of 0.66. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.44.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 27th. The apparel and home fashions retailer reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.09). TJX Companies had a return on equity of 57.42% and a net margin of 7.85%. The business had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.01 billion. During the same period in the previous year, the company earned $1.30 EPS. TJX Companies’s revenue was up 1.5% on a year-over-year basis. Research analysts anticipate that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.75%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is presently 36.97%.

TJX Companies announced that its board has authorized a share buyback plan on Wednesday, February 27th that permits the company to buyback $2.25 billion in shares. This buyback authorization permits the apparel and home fashions retailer to repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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TJX Companies Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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