apricus wealth LLC Takes Position in The TJX Companies, Inc. (NYSE:TJX)

apricus wealth LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,028 shares of the apparel and home fashions retailer's stock, valued at approximately $247,000.

Several other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of TJX Companies during the fourth quarter worth $1,670,565,000. Raymond James Financial Inc. purchased a new stake in shares of TJX Companies in the fourth quarter worth $570,342,000. GAMMA Investing LLC raised its position in shares of TJX Companies by 14,486.1% in the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after buying an additional 2,892,151 shares in the last quarter. Capital Research Global Investors raised its position in shares of TJX Companies by 689.6% in the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after buying an additional 2,266,415 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of TJX Companies by 15.2% in the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after buying an additional 1,845,225 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director now directly owns 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TJX. UBS Group reiterated a "buy" rating and issued a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. JPMorgan Chase & Co. increased their target price on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Robert W. Baird increased their target price on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $141.53.

TJX Companies Trading Down 0.2%

Shares of NYSE TJX traded down $0.19 during trading hours on Thursday, hitting $124.34. The company's stock had a trading volume of 4,084,299 shares, compared to its average volume of 5,213,921. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a market cap of $138.90 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 12 month low of $106.89 and a 12 month high of $135.85. The business has a 50-day simple moving average of $127.73 and a 200-day simple moving average of $124.22.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same period last year, the firm earned $0.93 earnings per share. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.37%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

TJX Companies Profile

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.