Vest Financial LLC Has $1.25 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Vest Financial LLC increased its position in The TJX Companies, Inc. (NYSE:TJX) by 57.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,289 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,735 shares during the quarter. Vest Financial LLC’s holdings in TJX Companies were worth $1,253,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new position in shares of TJX Companies during the 4th quarter worth about $25,000. SOA Wealth Advisors LLC. bought a new stake in TJX Companies in the 4th quarter valued at approximately $30,000. Millstone Evans Group LLC bought a new stake in TJX Companies in the 4th quarter valued at approximately $30,000. Promus Capital LLC bought a new stake in shares of TJX Companies during the 4th quarter worth approximately $32,000. Finally, Tacita Capital Inc bought a new stake in shares of TJX Companies during the 4th quarter worth approximately $38,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of TJX stock opened at $128.55 on Friday. The business’s 50-day moving average price is $127.63 and its 200-day moving average price is $124.14. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $143.60 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 12 month low of $106.18 and a 12 month high of $135.85.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 earnings per share. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th were issued a $0.425 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Thursday, May 15th. TJX Companies’s payout ratio is presently 40.00%.

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 950 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director now directly owns 22,712 shares of the company’s stock, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TJX has been the topic of a number of research analyst reports. Robert W. Baird increased their price target on TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the company an “overweight” rating in a report on Thursday, May 22nd. Loop Capital set a $150.00 target price on TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. increased their target price on TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. Finally, TD Securities lifted their target price on TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.53.

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.