Fifth Third Wealth Advisors LLC Buys 443 Shares of The TJX Companies, Inc. (NYSE:TJX)

Fifth Third Wealth Advisors LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,097 shares of the apparel and home fashions retailer’s stock after buying an additional 443 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in TJX Companies were worth $1,125,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TJX. Hengehold Capital Management LLC increased its stake in TJX Companies by 17.6% in the first quarter. Hengehold Capital Management LLC now owns 2,632 shares of the apparel and home fashions retailer’s stock valued at $267,000 after purchasing an additional 394 shares in the last quarter. Transform Wealth LLC lifted its position in TJX Companies by 3.9% during the 1st quarter. Transform Wealth LLC now owns 82,353 shares of the apparel and home fashions retailer’s stock worth $8,352,000 after buying an additional 3,089 shares in the last quarter. Stokes Capital Advisors LLC lifted its position in TJX Companies by 5.9% during the 1st quarter. Stokes Capital Advisors LLC now owns 110,237 shares of the apparel and home fashions retailer’s stock worth $11,180,000 after buying an additional 6,178 shares in the last quarter. Thrive Wealth Management LLC lifted its position in TJX Companies by 1.0% during the 1st quarter. Thrive Wealth Management LLC now owns 11,069 shares of the apparel and home fashions retailer’s stock worth $1,123,000 after buying an additional 114 shares in the last quarter. Finally, Hurlow Wealth Management Group Inc. lifted its position in TJX Companies by 84.2% during the 1st quarter. Hurlow Wealth Management Group Inc. now owns 6,999 shares of the apparel and home fashions retailer’s stock worth $710,000 after buying an additional 3,200 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Barclays increased their target price on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Robert W. Baird increased their price objective on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, BMO Capital Markets increased their price objective on shares of TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $110.37.

TJX Companies Stock Performance

Shares of TJX traded down $0.45 during trading hours on Friday, hitting $110.10. The company’s stock had a trading volume of 9,649,638 shares, compared to its average volume of 5,548,945. The business has a 50 day simple moving average of $101.79 and a two-hundred day simple moving average of $97.98. The company has a market cap of $124.43 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 2.96 and a beta of 0.87. The TJX Companies, Inc. has a 52-week low of $82.25 and a 52-week high of $111.79. 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:TJX) last posted its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS. On average, equities analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a $0.375 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.36%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the sale, the director now owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Louise Greenlees sold 8,171 shares of TJX Companies stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the transaction, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock valued at $5,060,941 in the last 90 days. 0.13% of the stock is currently owned by company insiders.

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.