Verde Capital Management Has $1.09 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Verde Capital Management lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 29.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,958 shares of the apparel and home fashions retailer's stock after buying an additional 2,022 shares during the period. Verde Capital Management's holdings in TJX Companies were worth $1,091,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Bogart Wealth LLC bought a new stake in TJX Companies in the 4th quarter valued at $25,000. SOA Wealth Advisors LLC. acquired a new stake in TJX Companies during the 4th quarter worth approximately $30,000. Millstone Evans Group LLC acquired a new position in TJX Companies in the 4th quarter valued at $30,000. Promus Capital LLC bought a new position in TJX Companies during the 4th quarter worth $32,000. Finally, Tacita Capital Inc acquired a new stake in shares of TJX Companies during the fourth quarter worth $38,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. The trade was a 4.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TJX shares. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Robert W. Baird lifted their price target on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Barclays reiterated an "overweight" rating and issued a $147.00 price target (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, TJX Companies has an average rating of "Moderate Buy" and an average price target of $141.53.

TJX Companies Price Performance

Shares of TJX Companies stock traded up $1.46 during midday trading on Monday, hitting $128.36. 6,270,310 shares of the company traded hands, compared to its average volume of 5,258,446. The stock has a market cap of $143.39 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm's fifty day moving average price is $126.88 and its 200-day moving average price is $123.88. The TJX Companies, Inc. has a 12 month low of $103.70 and a 12 month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last announced 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period last year, the firm posted $0.93 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

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.