The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,133 shares of the apparel and home fashions retailer’s stock after purchasing an additional 4,635 shares during the quarter. Westfield Capital Management Co. LP’s holdings in TJX Companies were worth $6,606,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Valued Wealth Advisors LLC raised its position in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares in the last quarter. First Pacific Financial acquired a new position in shares of TJX Companies in the 1st quarter valued at $29,000. Frazier Financial Advisors LLC purchased a new stake in TJX Companies during the fourth quarter worth $27,000. OFI Invest Asset Management acquired a new stake in TJX Companies during the first quarter valued at $30,000. Finally, BKM Wealth Management LLC purchased a new position in TJX Companies in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity

In related news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the transaction, the executive vice president now owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction dated 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 approximately $5,042,756.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following 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. In the last three months, insiders have sold 50,003 shares of company stock valued at $5,060,941. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TJX. TD Cowen raised their target price on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Evercore ISI set a $113.00 price objective on TJX Companies in a research report on Tuesday, May 21st. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their target price for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Telsey Advisory Group boosted their price target on shares of TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Finally, Morgan Stanley increased their price objective on shares of TJX Companies from $113.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.67.

TJX Companies Trading Down 1.1 %

Shares of TJX traded down $1.28 during midday trading on Friday, reaching $111.75. The company had a trading volume of 5,722,025 shares, compared to its average volume of 4,941,217. The TJX Companies, Inc. has a 1-year low of $85.27 and a 1-year high of $115.35. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The firm has a 50 day simple moving average of $107.39 and a 200-day simple moving average of $100.42. The stock has a market cap of $126.29 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88.

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 (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. The firm had revenue of $12.48 billion during 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%. TJX Companies’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.76 earnings per share. Research analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is presently 37.22%.

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.