Empire Life Investments Inc. boosted its holdings in TJX Companies Inc (NYSE:TJX) by 0.7% in the 1st quarter, Holdings Channel reports. The firm owned 192,994 shares of the apparel and home fashions retailer’s stock after buying an additional 1,347 shares during the quarter. Empire Life Investments Inc.’s holdings in TJX Companies were worth $10,269,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new position in TJX Companies in the first quarter valued at $25,000. Nalls Sherbakoff Group LLC acquired a new stake in TJX Companies during the fourth quarter worth about $25,000. Adirondack Trust Co. increased its stake in TJX Companies by 100.0% during the fourth quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock worth $26,000 after acquiring an additional 290 shares during the last quarter. Westside Investment Management Inc. increased its stake in TJX Companies by 100.0% during the fourth quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock worth $27,000 after acquiring an additional 300 shares during the last quarter. Finally, Edge Wealth Management LLC increased its stake in TJX Companies by 100.0% during the fourth quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock worth $29,000 after acquiring an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 91.26% of the company’s stock.

Several brokerages have commented on TJX. Zacks Investment Research lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Monday, February 11th. Telsey Advisory Group upgraded TJX Companies from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $51.00 to $56.00 in a research note on Thursday, January 31st. Argus upped their price target on TJX Companies to $62.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley upped their price target on TJX Companies from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, February 28th. Finally, ValuEngine upgraded TJX Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $55.34.

In related news, EVP Kenneth Canestrari sold 25,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $54.97, for a total value of $1,374,250.00. Following the completion of the transaction, the executive vice president now owns 134,675 shares of the company’s stock, valued at $7,403,084.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy B. Lane sold 1,000 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $51.79, for a total value of $51,790.00. Following the completion of the transaction, the director now directly owns 31,092 shares of the company’s stock, valued at approximately $1,610,254.68. The disclosure for this sale can be found here. Insiders sold 109,498 shares of company stock valued at $5,933,022 in the last three months. 0.20% of the stock is currently owned by company insiders.

Shares of NYSE TJX opened at $54.41 on Tuesday. TJX Companies Inc has a 1-year low of $40.65 and a 1-year high of $56.64. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $66.57 billion, a PE ratio of 25.79, a P/E/G ratio of 1.94 and a beta of 0.66.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.09). The business had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.01 billion. TJX Companies had a net margin of 7.85% and a return on equity of 57.42%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 EPS. On average, research analysts anticipate that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.92 dividend on an annualized basis and a yield of 1.69%. This is an increase from TJX Companies’s previous quarterly dividend of $0.20. TJX Companies’s dividend payout ratio is currently 36.97%.

TJX Companies declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 27th that allows the company to repurchase $2.25 billion in shares. This repurchase authorization allows the apparel and home fashions retailer to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

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TJX Companies Profile

The TJX Companies, Inc 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; jewelry and accessories; footwear; and other merchandise.

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

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