TJX Companies Inc (TJX) Shares Bought by Means Investment CO. Inc.

Means Investment CO. Inc. boosted its position in TJX Companies Inc (NYSE:TJX) by 5.9% during the first quarter, Holdings Channel reports. The fund owned 7,586 shares of the apparel and home fashions retailer’s stock after purchasing an additional 426 shares during the quarter. Means Investment CO. Inc.’s holdings in TJX Companies were worth $404,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Spectrum Management Group Inc. increased its position in shares of 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 acquiring an additional 275 shares during the last quarter. Autus Asset Management LLC increased its position in shares of TJX Companies by 16.6% during the first quarter. Autus Asset Management LLC now owns 136,508 shares of the apparel and home fashions retailer’s stock worth $7,263,000 after acquiring an additional 19,391 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in shares of TJX Companies by 12.3% during the first quarter. Flagship Harbor Advisors LLC now owns 13,329 shares of the apparel and home fashions retailer’s stock worth $709,000 after acquiring an additional 1,455 shares during the last quarter. Baskin Financial Services Inc. purchased a new stake in shares of TJX Companies during the first quarter worth about $213,000. Finally, Paragon Capital Management LLC increased its position in shares of TJX Companies by 3.7% during the first quarter. Paragon Capital Management LLC now owns 186,479 shares of the apparel and home fashions retailer’s stock worth $9,923,000 after acquiring an additional 6,710 shares during the last quarter. Hedge funds and other institutional investors own 91.26% of the company’s stock.

TJX has been the topic of a number of analyst reports. Argus lifted their target price on TJX Companies to $62.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Monday, January 28th. Cfra raised TJX Companies to a “buy” rating and set a $60.00 price objective for the company in a report on Thursday, February 28th. MKM Partners boosted their price objective on TJX Companies from $58.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, February 28th. Finally, Loop Capital boosted their price objective on TJX Companies from $47.00 to $50.00 and gave the company a “hold” rating in a report on Wednesday, February 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company’s stock. TJX Companies has a consensus rating of “Buy” and a consensus price target of $55.34.

Shares of TJX stock opened at $55.12 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.53 and a quick ratio of 0.70. TJX Companies Inc has a 52 week low of $40.65 and a 52 week high of $56.64. The company has a market capitalization of $66.95 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 1.94 and a beta of 0.66.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a dividend yield of 1.67%. TJX Companies’s payout ratio is currently 36.97%.

TJX Companies announced that its board has authorized a share repurchase program on Wednesday, February 27th that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to purchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other news, CFO Scott Goldenberg sold 37,248 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $53.90, for a total transaction of $2,007,667.20. Following the completion of the transaction, the chief financial officer now directly owns 195,712 shares in the company, valued at $10,548,876.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy B. Lane sold 1,625 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $53.00, for a total value of $86,125.00. Following the transaction, the director now owns 29,467 shares of the company’s stock, valued at $1,561,751. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,498 shares of company stock valued at $4,558,772. Insiders own 0.20% of the company’s stock.

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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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