Icon Wealth Partners LLC bought a new stake in TJX Companies Inc (NYSE:TJX) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,357 shares of the apparel and home fashions retailer’s stock, valued at approximately $72,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bremer Bank National Association acquired a new position in shares of TJX Companies during the 1st quarter worth approximately $1,748,000. Apertura Capital LLC grew its holdings in shares of TJX Companies by 100.0% during the 1st quarter. Apertura Capital LLC now owns 300,000 shares of the apparel and home fashions retailer’s stock worth $15,963,000 after purchasing an additional 150,000 shares during the period. Godshalk Welsh Capital Management Inc. grew its holdings in shares of TJX Companies by 18.8% during the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 12,650 shares of the apparel and home fashions retailer’s stock worth $673,000 after purchasing an additional 2,000 shares during the period. Mcmillion Capital Management Inc. grew its holdings in shares of TJX Companies by 2.1% during the 1st quarter. Mcmillion Capital Management Inc. now owns 66,054 shares of the apparel and home fashions retailer’s stock worth $3,515,000 after purchasing an additional 1,348 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of TJX Companies by 9.4% during the 1st quarter. Signaturefd LLC now owns 10,918 shares of the apparel and home fashions retailer’s stock worth $581,000 after purchasing an additional 941 shares during the period. Hedge funds and other institutional investors own 88.88% of the company’s stock.

TJX has been the subject of a number of research analyst reports. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Friday, May 24th. MKM Partners raised their target price on TJX Companies to $62.00 in a report on Thursday, May 23rd. Credit Suisse Group raised their target price on TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Nomura increased their price target on TJX Companies from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Finally, Robert W. Baird assumed coverage on TJX Companies in a research report on Monday, May 13th. They issued an “outperform” rating and a $63.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $55.90.

In other news, EVP Richard Sherr sold 1,480 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total transaction of $75,998.00. Following the sale, the executive vice president now owns 117,228 shares of the company’s stock, valued at approximately $6,019,657.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy B. Lane sold 1,625 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $53.00, for a total value of $86,125.00. Following the sale, the director now directly owns 29,467 shares in the company, valued at approximately $1,561,751. The disclosure for this sale can be found here. Insiders have sold a total of 109,978 shares of company stock worth $5,957,230 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Shares of NYSE TJX opened at $49.89 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.46 and a debt-to-equity ratio of 1.92. TJX Companies Inc has a fifty-two week low of $41.49 and a fifty-two week high of $56.64. The stock has a market cap of $61.09 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 1.76 and a beta of 0.72.

TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. TJX Companies had a return on equity of 57.47% and a net margin of 7.69%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter last year, the company earned $1.13 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Equities analysts forecast that TJX Companies Inc will post 2.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.20. TJX Companies’s dividend payout ratio (DPR) is 43.60%.

TJX Companies announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 27th that allows the company to buyback $2.25 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are 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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