Verum Partners LLC Increases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Verum Partners LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,721 shares of the apparel and home fashions retailer’s stock after purchasing an additional 195 shares during the period. Verum Partners LLC’s holdings in TJX Companies were worth $377,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $27,000. Anchor Investment Management LLC purchased a new stake in TJX Companies in the fourth quarter worth $28,000. BKM Wealth Management LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at $30,000. AlphaMark Advisors LLC lifted its position in shares of TJX Companies by 58.4% during the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after buying an additional 122 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new position in shares of TJX Companies during the 1st quarter worth $37,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.3 %

Shares of NYSE:TJX traded down $0.38 during midday trading on Tuesday, hitting $110.20. 4,747,247 shares of the stock traded hands, compared to its average volume of 5,559,586. The business’s 50 day moving average is $102.81 and its two-hundred day moving average is $98.44. The stock has a market capitalization of $124.54 billion, a PE ratio of 27.38, a P/E/G ratio of 2.94 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The TJX Companies, Inc. has a one year low of $82.25 and a one year high of $111.79.

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

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a $0.375 dividend. 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 presently 37.22%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TJX. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research note on Tuesday, May 21st. Evercore ISI set a $113.00 price objective on shares of TJX Companies in a report on Tuesday, May 21st. Sanford C. Bernstein increased their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Barclays lifted 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. Finally, Robert W. Baird increased their price objective on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.39.

Insider Activity at TJX Companies

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the transaction, the executive vice president now owns 110,893 shares in the company, valued at $11,089,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares in the company, valued at $5,042,756.10. 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 in the last three months. Company insiders own 0.13% of the company’s stock.

TJX Companies 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.