Farmers & Merchants Investments Inc. Has $8.77 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Farmers & Merchants Investments Inc. cut its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,430 shares of the apparel and home fashions retailer’s stock after selling 910 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in TJX Companies were worth $8,766,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TJX. Bedel Financial Consulting Inc. raised its stake in TJX Companies by 3.4% during the fourth quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer’s stock worth $299,000 after buying an additional 104 shares during the last quarter. Tandem Investment Advisors Inc. raised its stake in TJX Companies by 1.8% during the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock worth $548,000 after buying an additional 106 shares during the last quarter. Alhambra Investment Management LLC raised its stake in TJX Companies by 2.0% during the fourth quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock worth $510,000 after buying an additional 108 shares during the last quarter. J.Safra Asset Management Corp raised its stake in TJX Companies by 9.9% during the fourth quarter. J.Safra Asset Management Corp now owns 1,196 shares of the apparel and home fashions retailer’s stock worth $112,000 after buying an additional 108 shares during the last quarter. Finally, BSW Wealth Partners raised its stake in TJX Companies by 2.0% during the fourth quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer’s stock worth $528,000 after buying an additional 109 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the sale, the executive vice president now owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock valued at $5,060,941 in the last quarter. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

TJX stock traded up $0.01 during midday trading on Tuesday, reaching $110.59. The company had a trading volume of 1,350,493 shares, compared to its average volume of 5,532,523. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The TJX Companies, Inc. has a 1 year low of $82.25 and a 1 year high of $111.79. The company has a market capitalization of $124.98 billion, a P/E ratio of 27.44, a P/E/G ratio of 2.94 and a beta of 0.88. The firm has a 50-day moving average price of $102.48 and a 200-day moving average price of $98.30.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter in the previous year, the company earned $0.76 EPS. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Analyst Ratings Changes

TJX has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a report on Tuesday, May 21st. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. TD Cowen raised their price target on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. UBS Group raised their price target on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, Telsey Advisory Group raised their price target on shares of TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.39.

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.