CogentBlue Wealth Advisors LLC Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

CogentBlue Wealth Advisors LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,257 shares of the apparel and home fashions retailer’s stock after acquiring an additional 333 shares during the quarter. TJX Companies accounts for about 1.4% of CogentBlue Wealth Advisors LLC’s investment portfolio, making the stock its 19th biggest position. CogentBlue Wealth Advisors LLC’s holdings in TJX Companies were worth $1,615,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Shell Asset Management Co. raised its position in shares of TJX Companies by 16.5% in the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock valued at $3,524,000 after purchasing an additional 4,128 shares in the last quarter. Pathstone Holdings LLC increased its stake in shares of TJX Companies by 10.1% in the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock worth $88,992,000 after buying an additional 67,853 shares during the last quarter. Ethic Inc. raised its holdings in TJX Companies by 21.1% in the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock valued at $20,196,000 after acquiring an additional 29,158 shares in the last quarter. Fiduciary Trust Co boosted its stake in TJX Companies by 5.2% during the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock valued at $349,284,000 after acquiring an additional 144,113 shares during the last quarter. Finally, Congress Asset Management Co. boosted its stake in TJX Companies by 1.1% during the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after acquiring an additional 13,036 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted 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, June 2nd. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. UBS Group reiterated a “buy” rating and issued a $164.00 price target (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Cowen reissued a “buy” rating on shares of TJX Companies in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.53.

TJX Companies Stock Down 0.6%

TJX Companies stock opened at $123.75 on Friday. 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 TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The company has a 50-day simple moving average of $127.91 and a 200-day simple moving average of $124.19. The firm has a market capitalization of $138.25 billion, a P/E ratio of 29.12, a P/E/G ratio of 2.75 and a beta of 0.90.

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

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s payout ratio is currently 40.00%.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now directly owns 22,712 shares in the company, valued at $2,909,180.08. The trade was 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 the SEC website. 0.13% of the stock is currently owned by insiders.

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.