Catalina Capital Group LLC Buys 2,584 Shares of The TJX Companies, Inc. (NYSE:TJX)

Catalina Capital Group LLC lifted its position in The TJX Companies, Inc. (NYSE:TJXFree Report) by 39.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 9,175 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,584 shares during the quarter. Catalina Capital Group LLC’s holdings in TJX Companies were worth $931,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bedel Financial Consulting Inc. grew its position in shares of TJX Companies by 3.4% in the 4th quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer’s stock valued at $299,000 after buying an additional 104 shares during the last quarter. TRUE Private Wealth Advisors boosted its holdings in TJX Companies by 3.7% in the first quarter. TRUE Private Wealth Advisors now owns 2,932 shares of the apparel and home fashions retailer’s stock valued at $297,000 after acquiring an additional 104 shares during the last quarter. Tandem Investment Advisors Inc. increased its position in TJX Companies by 1.8% during the 4th 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 raised its holdings in TJX Companies by 2.0% during the 4th quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock worth $510,000 after purchasing an additional 108 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its position in shares of TJX Companies by 9.9% in the 4th quarter. J.Safra Asset Management Corp now owns 1,196 shares of the apparel and home fashions retailer’s stock worth $112,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TJX. BMO Capital Markets upped their price target on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Barclays lifted their price target on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Sanford C. Bernstein upped their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Finally, Telsey Advisory Group increased their target price on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $111.50.

View Our Latest Stock Report on TJX

Insider Buying and Selling

In other 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 transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the sale, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kenneth Canestrari sold 20,332 shares of the company’s 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 completion of the transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock worth $5,060,941 over the last ninety days. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

Shares of TJX Companies stock traded up $0.82 during trading hours on Wednesday, reaching $112.97. The company had a trading volume of 4,161,449 shares, compared to its average volume of 5,504,072. The TJX Companies, Inc. has a one year low of $83.60 and a one year high of $112.97. The business has a fifty day simple moving average of $104.72 and a 200 day simple moving average of $99.31. 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 firm has a market cap of $127.67 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 3.00 and a beta of 0.88.

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

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is 37.22%.

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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