Founders Financial Alliance LLC Has $955,000 Stake in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Founders Financial Alliance LLC increased its stake in The TJX Companies, Inc. by 120.1% in the first quarter, bringing its total holdings to 7,839 shares valued at approximately $955,000.
• The TJX Companies reported earnings of $0.92 per share for the recent quarter, exceeding expectations, with revenue also surpassing estimates at $13.11 billion.
• The company announced a quarterly dividend of $0.425 per share, representing an annual yield of 1.3%, with a planned payout on September 4th.

Founders Financial Alliance LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 120.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,839 shares of the apparel and home fashions retailer's stock after purchasing an additional 4,278 shares during the quarter. Founders Financial Alliance LLC's holdings in TJX Companies were worth $955,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Shell Asset Management Co. lifted its position in shares of TJX Companies by 16.5% during the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock valued at $3,524,000 after acquiring an additional 4,128 shares during the last quarter. Pathstone Holdings LLC lifted its position in shares of TJX Companies by 10.1% during the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock valued at $88,992,000 after acquiring an additional 67,853 shares during the last quarter. Ethic Inc. lifted its position in shares of TJX Companies by 21.1% during the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after acquiring an additional 29,158 shares during the last quarter. Fiduciary Trust Co lifted its position in shares of TJX Companies by 5.2% during the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after acquiring an additional 144,113 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its position in shares of TJX Companies by 2.2% during the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock valued at $46,989,000 after acquiring an additional 8,319 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Down 0.3%

Shares of NYSE:TJX traded down $0.34 during midday trading on Friday, hitting $131.64. 4,629,642 shares of the stock were exchanged, compared to its average volume of 4,777,224. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The business's fifty day simple moving average is $125.41 and its two-hundred day simple moving average is $124.79. The company has a market capitalization of $147.06 billion, a PE ratio of 30.97, a P/E/G ratio of 3.07 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data 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 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same period last year, the company earned $0.93 earnings per share. TJX Companies's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend 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%.

Analyst Ratings Changes

A number of brokerages have recently commented on TJX. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. TD Securities increased their price objective on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. 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 report on Monday, June 2nd. Finally, Cowen restated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $141.06.

Insider Buying and Selling

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

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.