The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Aspiriant LLC

Aspiriant LLC cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,071 shares of the apparel and home fashions retailer’s stock after selling 298 shares during the quarter. Aspiriant LLC’s holdings in TJX Companies were worth $2,746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Frazier Financial Advisors LLC acquired a new stake in shares of TJX Companies in the 4th quarter worth $27,000. Anchor Investment Management LLC acquired a new stake in shares of TJX Companies in the 4th quarter worth $28,000. BKM Wealth Management LLC acquired a new stake in shares of TJX Companies in the 4th quarter worth $30,000. Sachetta LLC purchased a new position in shares of TJX Companies during the 4th quarter worth $38,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in shares of TJX Companies during the 4th quarter worth $40,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TJX. Barclays increased their price target on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. UBS Group increased their price target on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Sanford C. Bernstein increased their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Robert W. Baird increased their price target on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Finally, The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $110.37.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now directly owns 23,470 shares in the company, valued at approximately $2,395,582.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,003 shares of company stock valued at $5,060,941. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

TJX stock opened at $110.54 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The firm has a market capitalization of $124.93 billion, a P/E ratio of 27.43, a P/E/G ratio of 2.96 and a beta of 0.87. The business’s 50-day moving average is $101.44 and its two-hundred day moving average is $97.90. The TJX Companies, Inc. has a 1 year low of $82.25 and a 1 year high of $111.79.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating 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%. TJX Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. Analysts anticipate that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

TJX Companies declared that its board has approved a stock repurchase program on Wednesday, February 28th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.