Commerce Bank Buys 2,909 Shares of The TJX Companies, Inc. (NYSE:TJX)

Commerce Bank increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,306 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,909 shares during the period. Commerce Bank’s holdings in TJX Companies were worth $10,984,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC lifted its holdings in TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares during the period. First Pacific Financial purchased a new position in shares of TJX Companies in the first quarter worth approximately $29,000. Frazier Financial Advisors LLC bought a new stake in TJX Companies during the fourth quarter valued at approximately $27,000. Anchor Investment Management LLC purchased a new stake in TJX Companies during the fourth quarter valued at approximately $28,000. Finally, OFI Invest Asset Management bought a new position in TJX Companies in the first quarter worth approximately $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock remained flat at $112.15 on Wednesday. The stock had a trading volume of 1,527,621 shares, compared to its average volume of 5,483,362. The firm’s 50-day simple moving average is $104.72 and its 200-day simple moving average is $99.31. The TJX Companies, Inc. has a 12-month low of $83.60 and a 12-month high of $112.78. The firm has a market capitalization of $126.75 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 3.00 and a beta of 0.88. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. The firm had revenue of $12.48 billion during 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 business’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.76 EPS. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is 37.22%.

Insider Activity

In other news, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president now owns 110,893 shares in the company, valued at approximately $11,089,300. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the company’s 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 sale, the executive vice president now owns 110,893 shares in the company, valued at $11,089,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the transaction, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,003 shares of company stock worth $5,060,941. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TJX shares. Sanford C. Bernstein lifted their target price on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Evercore ISI set a $113.00 target price on shares of TJX Companies in a research note on Tuesday, May 21st. Robert W. Baird upped their price target on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a research note on Tuesday, May 21st. Finally, TD Cowen upped their target price on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued 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 $111.50.

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.