WD Rutherford LLC Buys 1,840 Shares of The TJX Companies, Inc. (NYSE:TJX)

WD Rutherford LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 57.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,025 shares of the apparel and home fashions retailer’s stock after buying an additional 1,840 shares during the quarter. WD Rutherford LLC’s holdings in TJX Companies were worth $510,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Mather Group LLC. raised its position in TJX Companies by 2.1% in the third quarter. Mather Group LLC. now owns 9,038 shares of the apparel and home fashions retailer’s stock valued at $803,000 after purchasing an additional 182 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in TJX Companies by 71.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 50,901 shares of the apparel and home fashions retailer’s stock worth $4,524,000 after buying an additional 21,252 shares during the period. Ironwood Investment Counsel LLC bought a new stake in TJX Companies during the 3rd quarter worth approximately $819,000. Corton Capital Inc. bought a new stake in TJX Companies during the 3rd quarter worth approximately $270,000. Finally, Gotham Asset Management LLC raised its stake in shares of TJX Companies by 12.3% during the third quarter. Gotham Asset Management LLC now owns 84,797 shares of the apparel and home fashions retailer’s stock valued at $7,537,000 after acquiring an additional 9,277 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.4 %

TJX stock traded down $0.45 during trading on Friday, reaching $110.10. 12,781,419 shares of the stock were exchanged, compared to its average volume of 6,462,926. The firm’s 50 day moving average is $102.48 and its 200 day moving average is $98.21. The firm has a market cap of $124.43 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.96 and a beta of 0.87. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The TJX Companies, Inc. has a twelve month low of $82.25 and a twelve month high of $111.79.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The company had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. TJX Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio is currently 37.22%.

Analyst Ratings Changes

TJX has been the topic of several analyst reports. Sanford C. Bernstein boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Barclays upped their price target on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a report on Tuesday, May 21st. Finally, Robert W. Baird raised their price target on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.37.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the sale, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Amy B. Lane sold 1,500 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the sale, the director now owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock valued at $5,060,941 over the last three months. Corporate insiders own 0.13% of the company’s stock.

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.