Everett Harris & Co. CA Buys 6,559 Shares of The TJX Companies, Inc. (NYSE:TJX)

Everett Harris & Co. CA boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,145,625 shares of the apparel and home fashions retailer’s stock after buying an additional 6,559 shares during the quarter. TJX Companies makes up 1.5% of Everett Harris & Co. CA’s investment portfolio, making the stock its 14th largest holding. Everett Harris & Co. CA owned 0.10% of TJX Companies worth $116,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Norges Bank bought a new stake in TJX Companies during the fourth quarter worth $1,193,438,000. Schroder Investment Management Group boosted its holdings in shares of TJX Companies by 350.9% in the 3rd quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock worth $184,714,000 after buying an additional 1,617,367 shares during the last quarter. Nordea Investment Management AB grew its position in TJX Companies by 23.2% during the fourth quarter. Nordea Investment Management AB now owns 5,881,507 shares of the apparel and home fashions retailer’s stock valued at $554,156,000 after buying an additional 1,107,937 shares during the period. Canoe Financial LP grew its position in TJX Companies by 22,145.7% during the fourth quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock valued at $104,344,000 after buying an additional 1,107,287 shares during the period. Finally, Vanguard Group Inc. increased its holdings in TJX Companies by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 96,206,766 shares of the apparel and home fashions retailer’s stock worth $9,025,157,000 after buying an additional 1,071,078 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on 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 directly owns 571,148 shares in the company, valued at $58,354,191.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction dated 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 transaction, 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 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 sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The disclosure for this sale can be found here. Insiders 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 owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TJX shares. BMO Capital Markets boosted their target price on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Barclays upped their price objective on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Loop Capital boosted their target price on TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group upped their price target on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, Evercore ISI set a $113.00 price objective on TJX Companies in a report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $111.50.

TJX Companies Price Performance

NYSE:TJX traded up $0.19 during trading hours on Thursday, hitting $110.39. The stock had a trading volume of 2,277,519 shares, compared to its average volume of 5,616,329. The company has a 50 day simple moving average of $103.42 and a two-hundred day simple moving average of $98.67. The firm has a market capitalization of $124.76 billion, a price-to-earnings ratio of 27.39, a P/E/G ratio of 2.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. 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 posted its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. The company had revenue of $12.48 billion during 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 firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $0.76 earnings per share. Research analysts forecast that The TJX Companies, Inc. will post 4.09 earnings per share 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. Investors 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 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.