Perennial Advisors LLC Purchases 4,892 Shares of The TJX Companies, Inc. (NYSE:TJX)

Perennial Advisors LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 19.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,545 shares of the apparel and home fashions retailer's stock after acquiring an additional 4,892 shares during the quarter. Perennial Advisors LLC's holdings in TJX Companies were worth $3,720,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Bogart Wealth LLC purchased a new stake in shares of TJX Companies in the 4th quarter valued at $25,000. SOA Wealth Advisors LLC. purchased a new stake in TJX Companies during the 4th quarter valued at $30,000. Millstone Evans Group LLC bought a new stake in TJX Companies in the 4th quarter worth $30,000. Promus Capital LLC bought a new position in shares of TJX Companies during the fourth quarter valued at about $32,000. Finally, Tacita Capital Inc purchased a new stake in shares of TJX Companies during the fourth quarter worth about $38,000. Institutional investors own 91.09% of the company's stock.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director now owns 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. TD Securities lifted their target price on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Cowen reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, TJX Companies currently has an average rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Stock Down 1.6%

NYSE:TJX traded down $2.10 on Monday, reaching $126.35. 4,754,719 shares of the stock traded hands, compared to its average volume of 5,213,491. 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 company has a market capitalization of $141.15 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 12 month low of $106.18 and a 12 month high of $135.85. The company's fifty day simple moving average is $127.63 and its 200 day simple moving average is $124.17.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results 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 8.63% and a return on equity of 61.82%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 earnings per share. Equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.35%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date was Thursday, May 15th. TJX Companies's payout ratio is presently 40.00%.

About TJX Companies

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.