16,725 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by Meyer Handelman Co.

Meyer Handelman Co. purchased a new position in The TJX Companies, Inc. (NYSE:TJX) during the first quarter, HoldingsChannel reports. The fund purchased 16,725 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,106,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brand Asset Management Group Inc. acquired a new stake in shares of The TJX Companies in the 1st quarter worth approximately $26,000. Grant Street Asset Management Inc. acquired a new stake in The TJX Companies during the 4th quarter valued at $27,000. JJJ Advisors Inc. grew its holdings in The TJX Companies by 4,522.2% during the 4th quarter. JJJ Advisors Inc. now owns 416 shares of the apparel and home fashions retailer’s stock valued at $28,000 after buying an additional 407 shares during the last quarter. JNBA Financial Advisors grew its holdings in The TJX Companies by 430.0% during the 4th quarter. JNBA Financial Advisors now owns 424 shares of the apparel and home fashions retailer’s stock valued at $29,000 after buying an additional 344 shares during the last quarter. Finally, Concord Wealth Partners acquired a new stake in The TJX Companies during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

A number of equities research analysts have commented on the company. Morgan Stanley increased their target price on The TJX Companies from $70.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, January 20th. William Blair reiterated an “outperform” rating on shares of The TJX Companies in a report on Wednesday, March 24th. Zacks Investment Research upgraded The TJX Companies from a “strong sell” rating to a “hold” rating and set a $73.00 target price on the stock in a report on Tuesday, April 27th. Wells Fargo & Company lowered their target price on The TJX Companies from $84.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday, March 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on The TJX Companies from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, February 25th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $69.92.

In related news, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 9th. The stock was sold at an average price of $66.78, for a total transaction of $100,170.00. Following the sale, the director now owns 28,311 shares of the company’s stock, valued at $1,890,608.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Richard Sherr sold 40,253 shares of the business’s stock in a transaction that occurred on Tuesday, April 13th. The stock was sold at an average price of $68.84, for a total value of $2,771,016.52. Following the sale, the executive vice president now directly owns 97,491 shares in the company, valued at approximately $6,711,280.44. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

TJX opened at $72.01 on Wednesday. The business’s 50 day moving average is $68.92 and its 200-day moving average is $65.77. The stock has a market cap of $86.84 billion, a PE ratio of 120.02, a price-to-earnings-growth ratio of 14.77 and a beta of 0.93. The company has a current ratio of 1.41, a quick ratio of 0.99 and a debt-to-equity ratio of 0.98. The TJX Companies, Inc. has a twelve month low of $42.52 and a twelve month high of $74.65.

The TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, February 23rd. The apparel and home fashions retailer reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.12). The business had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $11.42 billion. The TJX Companies had a net margin of 2.24% and a return on equity of 14.34%. During the same period last year, the firm posted $0.81 EPS. As a group, analysts forecast that The TJX Companies, Inc. will post 0.44 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 3rd. Investors of record on Thursday, May 13th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, May 12th. This represents a $1.04 annualized dividend and a yield of 1.44%. The TJX Companies’s payout ratio is 38.95%.

About The TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; fine jewelry and accessories; and other merchandise.

Further Reading: Calculating net profit and net profit margin ratio

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Institutional Ownership by Quarter for The TJX Companies (NYSE:TJX)

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