Norris Perne & French LLP MI Has $13.26 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Norris Perne & French LLP MI raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,728 shares of the apparel and home fashions retailer’s stock after buying an additional 1,995 shares during the period. Norris Perne & French LLP MI’s holdings in TJX Companies were worth $13,258,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TJX. Frazier Financial Advisors LLC bought a new position in shares of TJX Companies during the fourth quarter valued at $27,000. Anchor Investment Management LLC bought a new position in shares of TJX Companies during the fourth quarter valued at $28,000. BKM Wealth Management LLC bought a new position in shares of TJX Companies during the fourth quarter valued at $30,000. Register Financial Advisors LLC bought a new position in shares of TJX Companies during the first quarter valued at $37,000. Finally, Sachetta LLC bought a new position in shares of TJX Companies during the fourth quarter valued at $38,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 571,148 shares in the company, valued at $58,354,191.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $5,042,756.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the sale, the chief executive officer now directly owns 571,148 shares in the company, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Insiders have sold a total of 50,003 shares of company stock worth $5,060,941 over the last three months. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Down 0.4 %

TJX Companies stock traded down $0.45 during midday trading on Friday, hitting $110.10. 12,781,419 shares of the stock were exchanged, compared to its average volume of 6,462,926. The TJX Companies, Inc. has a 52-week low of $82.25 and a 52-week high of $111.79. The stock has a market capitalization of $124.43 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 2.96 and a beta of 0.87. The business’s 50-day moving average price is $102.48 and its 200-day moving average price is $98.21. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, research analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business 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 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is 37.22%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TJX shares. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a research note on Tuesday, May 21st. BMO Capital Markets lifted their target price on shares of TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. UBS Group lifted their target price on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Robert W. Baird lifted their target price on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, Sanford C. Bernstein lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.37.

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.