Breakwater Capital Group Raises Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Breakwater Capital Group boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) by 32.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,383 shares of the apparel and home fashions retailer’s stock after buying an additional 1,795 shares during the quarter. Breakwater Capital Group’s holdings in TJX Companies were worth $749,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TJX. Bedel Financial Consulting Inc. increased its stake in TJX Companies by 3.4% in the fourth quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer’s stock valued at $299,000 after purchasing an additional 104 shares during the period. Tandem Investment Advisors Inc. increased its stake in TJX Companies by 1.8% in the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock valued at $548,000 after purchasing an additional 106 shares during the period. Alhambra Investment Management LLC boosted its holdings in shares of TJX Companies by 2.0% in the fourth quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock valued at $510,000 after acquiring an additional 108 shares in the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of TJX Companies by 9.9% in the fourth quarter. J.Safra Asset Management Corp now owns 1,196 shares of the apparel and home fashions retailer’s stock valued at $112,000 after acquiring an additional 108 shares in the last quarter. Finally, BSW Wealth Partners boosted its holdings in shares of TJX Companies by 2.0% in the fourth quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer’s stock valued at $528,000 after acquiring an additional 109 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Sanford C. Bernstein boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Barclays lifted their target price on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Robert W. Baird lifted their target price on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Evercore ISI set a $113.00 target price on shares of TJX Companies in a research report on Tuesday, May 21st. Finally, Telsey Advisory Group lifted their target price on shares of TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.39.

Check Out Our Latest Report on TJX Companies

TJX Companies Trading Down 0.4 %

TJX stock traded down $0.45 on Friday, hitting $110.10. 12,781,419 shares of the company were exchanged, compared to its average volume of 6,462,926. The TJX Companies, Inc. has a twelve month low of $82.25 and a twelve month high of $111.79. 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 business’s fifty day moving average is $102.48 and its two-hundred day moving average is $98.30. The stock has a market capitalization of $124.43 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 2.94 and a beta of 0.87.

TJX Companies (NYSE:TJXGet Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. TJX Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Dividend Announcement

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

Insider Activity

In other news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president now directly owns 110,893 shares in the company, valued at $11,089,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the sale, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now directly owns 110,893 shares in the company, valued at $11,089,300. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,003 shares of company stock worth $5,060,941. 0.13% of the stock is currently owned by company insiders.

TJX Companies Profile

(Free Report)

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.

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

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