The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Welch Group LLC

Welch Group LLC raised its position in The TJX Companies, Inc. (NYSE:TJX) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,904 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,185 shares during the quarter. Welch Group LLC’s holdings in TJX Companies were worth $8,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TJX. Brighton Jones LLC increased its stake in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after purchasing an additional 8,002 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after purchasing an additional 235 shares during the period. Perigon Wealth Management LLC boosted its holdings in shares of TJX Companies by 11.8% in the fourth quarter. Perigon Wealth Management LLC now owns 15,530 shares of the apparel and home fashions retailer’s stock valued at $1,885,000 after acquiring an additional 1,633 shares in the last quarter. Moody Aldrich Partners LLC bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $203,000. Finally, Foster Victor Wealth Advisors LLC boosted its holdings in shares of TJX Companies by 5.1% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 2,063 shares of the apparel and home fashions retailer’s stock valued at $251,000 after acquiring an additional 101 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wells Fargo & Company reiterated an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. raised their target price on shares of TJX Companies from $127.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Finally, Cowen restated a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.65.

TJX Companies Stock Up 0.6%

TJX stock opened at $127.04 on Friday. The TJX Companies, Inc. has a 12-month low of $101.80 and a 12-month high of $135.85. 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 cap of $141.92 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 2.75 and a beta of 0.94. The company has a 50 day moving average of $126.74 and a two-hundred day moving average of $123.79.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.34%. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio (DPR) is currently 40.00%.

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

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.