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

AlphaMark Advisors LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 58.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 331 shares of the apparel and home fashions retailer’s stock after purchasing an additional 122 shares during the period. AlphaMark Advisors LLC’s holdings in TJX Companies were worth $34,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. Frazier Financial Advisors LLC acquired a new position in shares of TJX Companies in the fourth quarter worth about $27,000. Anchor Investment Management LLC acquired a new stake in TJX Companies in the fourth quarter valued at approximately $28,000. BKM Wealth Management LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $30,000. Register Financial Advisors LLC acquired a new position in shares of TJX Companies during the 1st quarter worth approximately $37,000. Finally, Sachetta LLC acquired a new stake in TJX Companies in the 4th quarter valued at $38,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was 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 in the company, valued at $58,354,191.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the sale, the chief executive officer now directly owns 571,148 shares in the company, valued at approximately $58,354,191.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the firm’s 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 completion of the sale, 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 a total of 50,003 shares of company stock valued at $5,060,941 in the last quarter. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TJX shares. BMO Capital Markets lifted their price target on TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Sanford C. Bernstein lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Telsey Advisory Group increased their target price on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. UBS Group raised their price target on shares of 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 research 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $110.39.

TJX Companies Stock Up 0.4 %

NYSE TJX traded up $0.48 during mid-day trading on Monday, reaching $110.58. 3,660,517 shares of the company’s stock traded hands, compared to its average volume of 5,565,860. The company has a market cap of $124.97 billion, a price-to-earnings ratio of 27.44, a P/E/G ratio of 2.94 and a beta of 0.88. 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 company has a fifty day simple moving average of $102.48 and a 200-day simple moving average of $98.30. The TJX Companies, Inc. has a 1-year low of $82.25 and a 1-year high of $111.79.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results 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 firm had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, August 15th. TJX Companies’s 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.