Fayez Sarofim & Co Buys Shares of 4,722 The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Fayez Sarofim & Co acquired 4,722 shares of The TJX Companies, Inc. for approximately $575,000 in the first quarter of the year.
• Several institutional investors have increased their holdings in TJX Companies, with 91.09% of the stock owned by institutional investors and hedge funds.
• TJX Companies recently reported earnings of $0.92 EPS, exceeding market expectations, and announced a quarterly dividend of $0.425 per share.

Fayez Sarofim & Co purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,722 shares of the apparel and home fashions retailer's stock, valued at approximately $575,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TCTC Holdings LLC lifted its position in shares of TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after buying an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC lifted its position in shares of TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 149 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies during the 1st quarter worth approximately $37,000. Finally, Rialto Wealth Management LLC lifted its position in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after buying an additional 179 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TJX shares. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Finally, Daiwa Capital Markets started coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target for the company. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $141.06.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of the 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 sale, the director directly owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of NYSE:TJX traded down $0.34 on Friday, reaching $131.64. 4,629,642 shares of the company were exchanged, compared to its average volume of 4,777,224. The firm has a market cap of $147.06 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. The company has a 50-day moving average of $125.41 and a 200-day moving average of $124.79. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 EPS. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

TJX Companies Company 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.