Everhart Financial Group Inc. Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Everhart Financial Group Inc. raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,442 shares of the apparel and home fashions retailer’s stock after purchasing an additional 906 shares during the period. Everhart Financial Group Inc.’s holdings in TJX Companies were worth $1,394,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Smithbridge Asset Management Inc. DE bought a new position in shares of TJX Companies during the 1st quarter valued at about $8,664,000. Osprey Private Wealth LLC grew its position in TJX Companies by 8.3% during the first quarter. Osprey Private Wealth LLC now owns 29,130 shares of the apparel and home fashions retailer’s stock valued at $3,548,000 after acquiring an additional 2,225 shares during the last quarter. RMR Wealth Builders raised its stake in shares of TJX Companies by 27.1% during the first quarter. RMR Wealth Builders now owns 15,692 shares of the apparel and home fashions retailer’s stock worth $1,911,000 after acquiring an additional 3,345 shares in the last quarter. NorthCrest Asset Manangement LLC raised its stake in shares of TJX Companies by 92.4% during the first quarter. NorthCrest Asset Manangement LLC now owns 8,993 shares of the apparel and home fashions retailer’s stock worth $1,095,000 after acquiring an additional 4,319 shares in the last quarter. Finally, Rockland Trust Co. lifted its holdings in shares of TJX Companies by 20.1% in the 1st quarter. Rockland Trust Co. now owns 277,457 shares of the apparel and home fashions retailer’s stock worth $33,794,000 after acquiring an additional 46,529 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of TJX Companies 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 in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the topic of several recent research reports. Cowen reaffirmed a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. TD Securities lifted their price objective on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Telsey Advisory Group restated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. Finally, BMO Capital Markets restated an “outperform” rating on shares of TJX Companies in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $141.53.

TJX Companies Trading Down 0.2%

NYSE:TJX opened at $124.34 on Friday. The TJX Companies, Inc. has a 12 month low of $106.89 and a 12 month high of $135.85. 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 company has a 50-day moving average price of $127.83 and a 200-day moving average price of $124.22. The stock has a market cap of $138.90 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 2.75 and a beta of 0.90.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS 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 business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same period last year, the business posted $0.93 earnings per share. TJX Companies’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. TJX Companies’s dividend payout ratio (DPR) is 40.00%.

TJX Companies Company 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.