EP Wealth Advisors LLC Has $6.81 Million Position in The TJX Companies, Inc. (NYSE:TJX)

EP Wealth Advisors LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 20.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,155 shares of the apparel and home fashions retailer’s stock after buying an additional 11,483 shares during the period. EP Wealth Advisors LLC’s holdings in TJX Companies were worth $6,811,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Valued Wealth Advisors LLC grew its holdings in TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 177 shares during the period. First Pacific Financial bought a new stake in shares of TJX Companies during the 1st quarter valued at about $29,000. Frazier Financial Advisors LLC acquired a new stake in TJX Companies during the fourth quarter worth approximately $27,000. OFI Invest Asset Management bought a new stake in TJX Companies in the first quarter worth approximately $30,000. Finally, BKM Wealth Management LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $30,000. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TJX shares. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $110.00 in a report on Thursday, April 25th. Morgan Stanley upped their target price on TJX Companies from $113.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Robert W. Baird increased their target price on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Barclays boosted their price target on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a report on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $112.67.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now directly 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 Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the sale, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,003 shares of company stock worth $5,060,941. 0.13% of the stock is currently owned by insiders.

TJX Companies Price Performance

NYSE TJX traded up $0.58 during trading hours on Friday, hitting $111.85. The company had a trading volume of 2,943,281 shares, compared to its average volume of 5,418,830. The TJX Companies, Inc. has a 52 week low of $85.27 and a 52 week high of $115.35. The firm has a market capitalization of $126.41 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 2.97 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The firm has a 50 day simple moving average of $108.47 and a 200 day simple moving average of $100.92.

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, topping analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. Equities research analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Dividend Announcement

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

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.