The TJX Companies, Inc. (NYSE:TJX) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 253,154 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,012 shares during the period. EP Wealth Advisors LLC’s holdings in TJX Companies were worth $30,584,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Bogart Wealth LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies in the fourth quarter valued at approximately $26,000. SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies during the 4th quarter valued at approximately $30,000. Millstone Evans Group LLC acquired a new stake in TJX Companies in the 4th quarter valued at $30,000. Finally, Promus Capital LLC purchased a new stake in TJX Companies in the 4th quarter worth $32,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TJX shares. Wells Fargo & Company decreased their price target on shares of TJX Companies from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Robert W. Baird boosted their target price on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, Morgan Stanley reduced their price target on shares of TJX Companies from $136.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $136.94.

TJX Companies Stock Down 0.2 %

Shares of TJX Companies stock opened at $128.63 on Wednesday. The TJX Companies, Inc. has a 52-week low of $97.47 and a 52-week high of $131.30. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $143.69 billion, a P/E ratio of 30.27, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a 50 day moving average of $122.72 and a 200 day moving average of $122.06.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. This is a positive change 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 39.91%.

Insider Transactions at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the business’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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Company 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.