Grimes & Company Inc. Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Grimes & Company Inc. lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.2% in the first quarter, HoldingsChannel.com reports. The firm owned 10,214 shares of the apparel and home fashions retailer’s stock after purchasing an additional 312 shares during the period. Grimes & Company Inc.’s holdings in TJX Companies were worth $1,244,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in shares of TJX Companies by 1.7% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer’s stock valued at $603,000 after purchasing an additional 84 shares during the period. Nwam LLC grew its stake in TJX Companies by 2.0% in the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock worth $524,000 after purchasing an additional 84 shares during the period. One Charles Private Wealth Services LLC raised its holdings in TJX Companies by 5.0% in the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer’s stock worth $218,000 after purchasing an additional 86 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in TJX Companies by 2.2% during the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer’s stock valued at $485,000 after buying an additional 86 shares during the period. Finally, Amplius Wealth Advisors LLC boosted its holdings in shares of TJX Companies by 4.2% during the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer’s stock valued at $283,000 after buying an additional 93 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Down 1.0%

Shares of NYSE:TJX opened at $123.00 on Wednesday. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The stock’s fifty day moving average price is $127.93 and its 200-day moving average price is $124.16. The company has a market cap of $137.40 billion, a P/E ratio of 28.94, a PEG ratio of 2.94 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51.

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 the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analysts’ expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, August 14th. TJX Companies’s dividend payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

TJX has been the subject of several research reports. UBS Group reiterated a “buy” rating and issued a $164.00 price target (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the company an “overweight” rating in a report on Thursday, May 22nd. Barclays restated an “overweight” rating and issued a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Finally, Robert W. Baird raised their price objective on TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research report 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, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $141.53.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate 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.