Lloyd Advisory Services LLC. Makes New $1.29 Million Investment in The TJX Companies, Inc. (NYSE:TJX)

Lloyd Advisory Services LLC. bought a new position in The TJX Companies, Inc. (NYSE:TJX) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 12,750 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,293,000.

Several other hedge funds have also made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth $27,000. Anchor Investment Management LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth $28,000. BKM Wealth Management LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth $30,000. Sachetta LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth $38,000. Finally, Security National Bank purchased a new stake in shares of TJX Companies during the 4th quarter worth $40,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In other 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 sale, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction 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 in the company, valued at approximately $2,395,582.90. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock valued at $5,060,941 over the last ninety days. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of a number of analyst reports. TD Cowen upped their price objective on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Telsey Advisory Group increased their price target on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. UBS Group increased their price target on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Evercore ISI set a $113.00 price target on TJX Companies in a research note on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $110.37.

TJX Companies Price Performance

TJX traded up $0.14 during trading on Monday, hitting $111.15. The company’s stock had a trading volume of 2,418,883 shares, compared to its average volume of 5,523,057. 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 TJX Companies, Inc. has a twelve month low of $81.65 and a twelve month high of $111.57. The business’s fifty day simple moving average is $100.73 and its 200 day simple moving average is $97.59. The firm has a market capitalization of $125.62 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 2.95 and a beta of 0.87.

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

TJX Companies declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 28th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders 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 dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio is presently 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.