Brogan Financial Inc. Invests $1.50 Million in The TJX Companies, Inc. (NYSE:TJX)

Brogan Financial Inc. purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,338 shares of the apparel and home fashions retailer's stock, valued at approximately $1,503,000. TJX Companies comprises approximately 0.7% of Brogan Financial Inc.'s portfolio, making the stock its 8th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of TJX Companies by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after acquiring an additional 578,948 shares in the last quarter. Geode Capital Management LLC boosted its position in TJX Companies by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock worth $2,930,965,000 after purchasing an additional 464,995 shares in the last quarter. Capital International Investors boosted its position in TJX Companies by 4.5% during the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after purchasing an additional 626,739 shares in the last quarter. Northern Trust Corp boosted its position in TJX Companies by 15.2% during 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 purchasing an additional 1,845,225 shares in the last quarter. Finally, Norges Bank purchased a new position in TJX Companies during the fourth quarter worth approximately $1,670,565,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

Shares of TJX Companies stock traded up $2.85 during trading hours on Monday, hitting $125.02. 2,463,898 shares of the company were exchanged, compared to its average volume of 5,347,018. The stock has a market capitalization of $139.66 billion, a price-to-earnings ratio of 29.42, a P/E/G ratio of 2.85 and a beta of 0.88. The business has a 50-day moving average of $126.19 and a 200-day moving average of $124.15. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. 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 released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same period last year, the business posted $0.93 EPS. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is 40.00%.

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TJX. Cowen reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. UBS Group reiterated a "buy" rating and set a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Loop Capital set a $150.00 target price on TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. Robert W. Baird lifted their target price on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Barclays restated an "overweight" rating and issued a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $141.06.

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.