CGN Advisors LLC Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

CGN Advisors LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,356 shares of the apparel and home fashions retailer’s stock after acquiring an additional 639 shares during the quarter. CGN Advisors LLC’s holdings in TJX Companies were worth $1,355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth about $27,000. Anchor Investment Management LLC purchased a new stake in TJX Companies during the 4th quarter valued at approximately $28,000. BKM Wealth Management LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $30,000. Sachetta LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $38,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in shares of TJX Companies in the fourth quarter worth $40,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 20,000 shares of the company’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 completion of the sale, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related 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 directly owns 110,893 shares in the company, valued at approximately $11,089,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies 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 completion of the transaction, the chief executive officer now 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 valued at $5,060,941 over the last quarter. 0.13% of the stock is owned by corporate insiders.

TJX Companies Trading Up 0.0 %

Shares of TJX stock traded up $0.04 on Monday, reaching $111.05. 4,196,887 shares of the company’s stock were exchanged, compared to its average volume of 5,541,711. The company’s fifty day simple moving average is $101.09 and its 200 day simple moving average is $97.74. The TJX Companies, Inc. has a 52 week low of $81.65 and a 52 week high of $111.57. 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 stock has a market capitalization of $125.50 billion, a PE ratio of 27.56, a P/E/G ratio of 2.95 and a beta of 0.87.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm earned $0.76 earnings per share. As a group, analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies declared that its board has initiated a stock buyback program on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.35%. TJX Companies’s payout ratio is 37.22%.

Analyst Ratings Changes

Several equities analysts recently weighed in on TJX shares. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Evercore ISI set a $113.00 target price on TJX Companies in a research report on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a report on Tuesday, May 21st. Telsey Advisory Group upped their price objective on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Finally, Barclays raised their target price on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.