Cornerstone Advisory LLC Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Cornerstone Advisory LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,921 shares of the apparel and home fashions retailer’s stock after purchasing an additional 100 shares during the period. Cornerstone Advisory LLC’s holdings in TJX Companies were worth $239,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TJX. Diversify Wealth Management LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $202,000. Diversify Advisory Services LLC purchased a new position in TJX Companies during the 4th quarter valued at $441,000. Advisory Alpha LLC raised its holdings in TJX Companies by 12.6% in the 4th quarter. Advisory Alpha LLC now owns 4,446 shares of the apparel and home fashions retailer’s stock worth $537,000 after purchasing an additional 498 shares in the last quarter. Daymark Wealth Partners LLC raised its holdings in TJX Companies by 0.7% in the 4th quarter. Daymark Wealth Partners LLC now owns 18,356 shares of the apparel and home fashions retailer’s stock worth $2,218,000 after purchasing an additional 130 shares in the last quarter. Finally, Dupont Capital Management Corp lifted its position in shares of TJX Companies by 21.5% in the 4th quarter. Dupont Capital Management Corp now owns 122,048 shares of the apparel and home fashions retailer’s stock worth $14,745,000 after purchasing an additional 21,609 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. The trade was a 4.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TJX. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday. Loop Capital set a $150.00 target price on TJX Companies and gave the stock a “buy” rating in a report on Thursday. Barclays raised their target price on TJX Companies from $137.00 to $147.00 and gave the company an “overweight” rating in a research note on Thursday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research note on Wednesday. Finally, Cowen reissued a “buy” rating on shares of TJX Companies in a research report on Tuesday. One analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.50.

TJX Companies Price Performance

TJX opened at $129.47 on Friday. The firm has a market cap of $144.63 billion, a PE ratio of 30.46, a P/E/G ratio of 2.75 and a beta of 0.94. The stock has a 50-day moving average price of $125.79 and a 200-day moving average price of $123.44. The TJX Companies, Inc. has a 1 year low of $99.22 and a 1 year high of $135.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.31%. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies’s dividend payout ratio (DPR) is currently 39.91%.

TJX Companies Company 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.