Kesler Norman & Wride LLC Makes New $900,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

Kesler Norman & Wride LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,387 shares of the apparel and home fashions retailer's stock, valued at approximately $900,000.

Other hedge funds have also recently made changes to their positions in the company. MJP Associates Inc. ADV grew its stake in shares of TJX Companies by 16.4% in the 1st quarter. MJP Associates Inc. ADV now owns 2,678 shares of the apparel and home fashions retailer's stock valued at $326,000 after buying an additional 378 shares during the period. Cerity Partners LLC boosted its stake in TJX Companies by 10.0% during the 1st quarter. Cerity Partners LLC now owns 1,433,116 shares of the apparel and home fashions retailer's stock valued at $174,553,000 after purchasing an additional 130,201 shares during the last quarter. Alps Advisors Inc. boosted its stake in TJX Companies by 0.8% during the 1st quarter. Alps Advisors Inc. now owns 107,109 shares of the apparel and home fashions retailer's stock valued at $13,046,000 after purchasing an additional 862 shares during the last quarter. Allworth Financial LP boosted its stake in TJX Companies by 5.9% during the 1st quarter. Allworth Financial LP now owns 16,748 shares of the apparel and home fashions retailer's stock valued at $2,119,000 after purchasing an additional 927 shares during the last quarter. Finally, Capital Insight Partners LLC boosted its stake in TJX Companies by 2.9% during the 1st quarter. Capital Insight Partners LLC now owns 28,125 shares of the apparel and home fashions retailer's stock valued at $3,426,000 after purchasing an additional 797 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on TJX. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. UBS Group restated a "buy" rating and set a $164.00 price target (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Barclays reiterated an "overweight" rating and issued a $147.00 target price (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, TJX Companies has an average rating of "Buy" and a consensus target price of $141.06.

Insider Buying and Selling at TJX Companies

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 trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Down 0.4%

Shares of NYSE TJX traded down $0.47 during trading hours on Friday, hitting $123.69. 4,145,943 shares of the stock were exchanged, compared to its average volume of 5,202,666. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The company has a market cap of $138.17 billion, a PE ratio of 29.10, a PEG ratio of 2.90 and a beta of 0.88. The firm has a fifty day moving average price of $126.93 and a 200-day moving average price of $124.12.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. TJX Companies's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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