Iowa State Bank Sells 99 Shares of The TJX Companies, Inc. (NYSE:TJX)

Iowa State Bank decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 0.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,341 shares of the apparel and home fashions retailer’s stock after selling 99 shares during the quarter. Iowa State Bank’s holdings in TJX Companies were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $25,000. SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies during the 4th quarter valued at $30,000. Millstone Evans Group LLC purchased a new position in TJX Companies in the 4th quarter worth $30,000. Promus Capital LLC bought a new stake in TJX Companies in the fourth quarter worth $32,000. Finally, Tacita Capital Inc purchased a new stake in TJX Companies during the fourth quarter valued at about $38,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $126.79 on Friday. The business has a 50 day moving average of $126.88 and a 200 day moving average of $123.85. The TJX Companies, Inc. has a 52 week low of $103.70 and a 52 week high of $135.85. The company has a market cap of $141.64 billion, a PE ratio of 29.83, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the firm earned $0.93 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.34%. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

TJX has been the topic of several analyst reports. UBS Group reiterated a “buy” rating and issued a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Cowen restated a “buy” rating on shares of TJX Companies in a research report on Tuesday, May 20th. JPMorgan Chase & Co. boosted their price objective on TJX Companies from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, May 19th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $140.65.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.