Colton Groome Financial Advisors LLC Buys 323 Shares of The TJX Companies, Inc. (NYSE:TJX)

Colton Groome Financial Advisors LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,264 shares of the apparel and home fashions retailer’s stock after purchasing an additional 323 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in TJX Companies were worth $1,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new stake in TJX Companies in the fourth quarter worth about $27,000. Anchor Investment Management LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $28,000. BKM Wealth Management LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $30,000. AlphaMark Advisors LLC raised its position in TJX Companies by 58.4% during the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after acquiring an additional 122 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new position in TJX Companies during the first quarter valued at approximately $37,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.4 %

NYSE TJX traded up $0.48 on Monday, reaching $110.58. 3,660,517 shares of the company were exchanged, compared to its average volume of 5,565,860. The business’s fifty day moving average price is $102.48 and its 200 day moving average price is $98.30. The stock has a market capitalization of $124.97 billion, a P/E ratio of 27.44, a price-to-earnings-growth 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 TJX Companies, Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $111.79.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $12.48 billion for 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 revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 earnings per share. Analysts forecast that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Dividend Announcement

The business 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 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 (DPR) is currently 37.22%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TJX. Evercore ISI set a $113.00 price objective on TJX Companies in a research report on Tuesday, May 21st. Sanford C. Bernstein boosted their price objective on 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 boosted their price objective on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Finally, UBS Group boosted their price objective on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $110.39.

Insiders Place Their Bets

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction on 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 sale, 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 Securities & Exchange Commission, which is available through the SEC website. In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction on 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 sale, 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 Securities & Exchange Commission, which is available through the SEC website. Also, EVP Louise Greenlees sold 8,171 shares of TJX Companies stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the sale, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,003 shares of company stock valued at $5,060,941. Insiders own 0.13% of the company’s stock.

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.