Trek Financial LLC Acquires 204 Shares of The TJX Companies, Inc. (NYSE:TJX)

Trek Financial LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,151 shares of the apparel and home fashions retailer’s stock after acquiring an additional 204 shares during the period. Trek Financial LLC’s holdings in TJX Companies were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TJX. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in shares of TJX Companies by 1.7% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer’s stock valued at $603,000 after purchasing an additional 84 shares during the period. Nwam LLC grew its stake in TJX Companies by 2.0% in the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock valued at $524,000 after buying an additional 84 shares during the last quarter. One Charles Private Wealth Services LLC raised its holdings in TJX Companies by 5.0% in the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer’s stock valued at $218,000 after acquiring an additional 86 shares during the period. Hamilton Capital LLC lifted its position in TJX Companies by 3.9% during the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock worth $273,000 after acquiring an additional 90 shares during the last quarter. Finally, Breakwater Capital Group boosted its holdings in shares of TJX Companies by 1.2% during the fourth quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer’s stock worth $930,000 after acquiring an additional 91 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TJX shares. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. Barclays increased their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $128.00 to $140.00 in a research report on Thursday, April 3rd. Wells Fargo & Company raised their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Finally, StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $135.76.

TJX Companies Price Performance

Shares of TJX stock opened at $119.06 on Tuesday. The business has a fifty day simple moving average of $121.57 and a 200 day simple moving average of $120.41. The company has a market cap of $133.00 billion, a P/E ratio of 28.01, a P/E/G ratio of 2.75 and a beta of 0.86. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.33.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.43%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies’s payout ratio is presently 39.91%.

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.