Kelly Financial Services LLC Buys New Stake in The TJX Companies, Inc. (NYSE:TJX)

Kelly Financial Services LLC purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,254 shares of the apparel and home fashions retailer's stock, valued at approximately $396,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of TJX Companies during the 4th quarter worth about $1,670,565,000. Raymond James Financial Inc. acquired a new position in shares of TJX Companies in the 4th quarter worth approximately $570,342,000. GAMMA Investing LLC grew its position in TJX Companies by 14,486.1% during the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after acquiring an additional 2,892,151 shares during the last quarter. Capital Research Global Investors grew its position in TJX Companies by 689.6% during the 4th 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 acquiring an additional 2,266,415 shares during the last quarter. Finally, Northern Trust Corp boosted its position in TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after buying an additional 1,845,225 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

TJX Companies stock traded down $0.19 during trading on Thursday, reaching $124.34. The company had a trading volume of 4,084,299 shares, compared to its average volume of 5,213,921. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm's 50-day simple moving average is $127.73 and its 200 day simple moving average is $124.22. The firm has a market capitalization of $138.90 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 52 week low of $106.89 and a 52 week high of $135.85.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. TJX Companies's dividend payout ratio is currently 40.00%.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now directly owns 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on TJX shares. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Barclays reiterated an "overweight" rating and set a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Loop Capital set a $150.00 price objective on TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

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.