Insight Wealth Strategies LLC Has $2.71 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Insight Wealth Strategies LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) by 392.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,754 shares of the apparel and home fashions retailer’s stock after purchasing an additional 21,322 shares during the quarter. Insight Wealth Strategies LLC’s holdings in TJX Companies were worth $2,713,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Frazier Financial Advisors LLC acquired a new stake in shares of TJX Companies in the 4th quarter worth about $27,000. Anchor Investment Management LLC purchased a new stake in shares of TJX Companies in the fourth quarter worth approximately $28,000. BKM Wealth Management LLC bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $30,000. Sachetta LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $38,000. Finally, Security National Bank purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on TJX shares. Telsey Advisory Group upped their target price on shares of TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. TD Cowen raised their target price on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research report on Tuesday, May 21st. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Finally, UBS Group upped their price objective on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $110.37.

Check Out Our Latest Stock Report on TJX Companies

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the sale, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the transaction, the executive vice president now owns 110,893 shares in the company, valued at $11,089,300. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,003 shares of company stock worth $7,040,541. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

NYSE TJX traded up $0.04 during trading on Wednesday, reaching $110.26. The company’s stock had a trading volume of 4,869,143 shares, compared to its average volume of 7,229,075. The firm has a fifty day moving average of $99.83 and a 200 day moving average of $97.12. The TJX Companies, Inc. has a one year low of $80.15 and a one year high of $110.71. The stock has a market capitalization of $124.61 billion, a PE ratio of 27.36, a P/E/G ratio of 2.95 and a beta of 0.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61.

TJX Companies (NYSE:TJXGet Free Report) last posted its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. During the same period in the prior year, the business earned $0.76 earnings per share. TJX Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is currently 37.22%.

TJX Companies announced that its board has authorized a share repurchase plan on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

TJX Companies Company Profile

(Free Report)

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.

Further Reading

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

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