Arthur M. Cohen & Associates LLC Acquires 374 Shares of The TJX Companies, Inc. (NYSE:TJX)

Arthur M. Cohen & Associates LLC boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 17.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,574 shares of the apparel and home fashions retailer’s stock after purchasing an additional 374 shares during the quarter. Arthur M. Cohen & Associates LLC’s holdings in TJX Companies were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. Bogart Wealth LLC purchased a new stake in TJX Companies during the fourth quarter valued at approximately $25,000. SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies during the fourth quarter worth $30,000. Millstone Evans Group LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at about $30,000. Promus Capital LLC bought a new stake in TJX Companies in the 4th quarter worth approximately $32,000. Finally, Tacita Capital Inc bought a new position in TJX Companies during the fourth quarter valued at $38,000. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. TD Securities boosted their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. raised their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday. Barclays reaffirmed an “overweight” rating and set a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Finally, UBS Group reissued a “buy” rating and issued a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.53.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, the director now directly owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies Price Performance

Shares of NYSE TJX opened at $128.12 on Thursday. The company has a market cap of $143.12 billion, a PE ratio of 30.15, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The business has a 50-day simple moving average of $127.41 and a two-hundred day simple moving average of $124.00. The TJX Companies, Inc. has a fifty-two week low of $105.53 and a fifty-two week high of $135.85.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. TJX Companies’s revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.33%. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies’s dividend payout ratio is presently 40.00%.

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.