Buffington Mohr McNeal Buys 3,250 Shares of The TJX Companies, Inc. (NYSE:TJX)

Buffington Mohr McNeal lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 71.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,785 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,250 shares during the quarter. Buffington Mohr McNeal’s holdings in TJX Companies were worth $790,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC acquired a new position in TJX Companies in the 4th quarter valued at $27,000. Anchor Investment Management LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $28,000. BKM Wealth Management LLC bought a new position in shares of TJX Companies in the fourth quarter worth about $30,000. AlphaMark Advisors LLC lifted its position in shares of TJX Companies by 58.4% during the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after purchasing an additional 122 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new stake in TJX Companies during the 1st quarter valued at approximately $37,000. Institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’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 completion of the sale, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of 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. Insiders have sold a total of 50,003 shares of company stock valued at $5,060,941 in the last 90 days. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TJX has been the topic of several recent analyst reports. Telsey Advisory Group lifted their price target on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. TD Cowen raised their price target on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. UBS Group upped their price objective on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, Barclays lifted their target price on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $110.39.

TJX Companies Price Performance

Shares of NYSE TJX traded down $0.38 during mid-day trading on Tuesday, hitting $110.20. 4,760,411 shares of the stock were exchanged, compared to its average volume of 5,559,586. The company has a market cap of $124.54 billion, a P/E ratio of 27.38, a PEG ratio of 2.94 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The TJX Companies, Inc. has a twelve month low of $82.25 and a twelve month high of $111.79. The stock’s fifty day simple moving average is $102.81 and its two-hundred day simple moving average is $98.44.

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

TJX Companies Dividend Announcement

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

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.