The TJX Companies, Inc. (NYSE:TJX) Shares Sold by CMH Wealth Management LLC

CMH Wealth Management LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 81,833 shares of the apparel and home fashions retailer’s stock after selling 6,369 shares during the quarter. TJX Companies comprises 2.1% of CMH Wealth Management LLC’s portfolio, making the stock its 17th largest position. CMH Wealth Management LLC’s holdings in TJX Companies were worth $8,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Frazier Financial Advisors LLC bought a new position in TJX Companies in the 4th quarter worth approximately $27,000. Anchor Investment Management LLC bought a new position in TJX Companies in the 4th quarter worth approximately $28,000. BKM Wealth Management LLC bought a new position in TJX Companies during the 4th quarter valued at $30,000. Sachetta LLC bought a new position in TJX Companies during the 4th quarter valued at $38,000. Finally, BOK Financial Private Wealth Inc. bought a new position in TJX Companies during the 4th quarter valued at $40,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research reports. BMO Capital Markets increased their price target on TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Evercore ISI set a $113.00 price target on TJX Companies in a research note on Tuesday, May 21st. TD Cowen increased their price target on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Sanford C. Bernstein increased their price target on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research note on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.37.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was 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 directly owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value 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 $11,089,300. 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 three months. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Up 0.0 %

Shares of TJX traded up $0.04 during mid-day trading on Monday, reaching $111.05. The company’s stock had a trading volume of 4,196,887 shares, compared to its average volume of 5,541,711. The business has a fifty day moving average of $100.73 and a 200 day moving average of $97.59. The company has a market cap of $125.50 billion, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of 2.95 and a beta of 0.87. The TJX Companies, Inc. has a 1 year low of $81.65 and a 1 year high of $111.57. 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 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. 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 during the quarter, compared to analyst estimates of $12.48 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts forecast that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

TJX Companies announced that its Board of Directors has initiated 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 purchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

TJX Companies 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.