Aveo Capital Partners LLC increased its holdings in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,210 shares of the apparel and home fashions retailer’s stock after acquiring an additional 136 shares during the period. Aveo Capital Partners LLC’s holdings in TJX Companies were worth $272,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. Fairfield Bush & CO. purchased a new position in TJX Companies in the first quarter valued at approximately $68,000. United Bank lifted its stake in TJX Companies by 9.2% in the first quarter. United Bank now owns 15,197 shares of the apparel and home fashions retailer’s stock valued at $921,000 after purchasing an additional 1,284 shares during the last quarter. AMI Investment Management Inc. purchased a new position in TJX Companies in the first quarter valued at approximately $2,780,000. Cetera Investment Advisers lifted its stake in TJX Companies by 69.0% in the first quarter. Cetera Investment Advisers now owns 38,304 shares of the apparel and home fashions retailer’s stock valued at $2,320,000 after purchasing an additional 15,644 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in TJX Companies by 10.0% in the first quarter. Sequoia Financial Advisors LLC now owns 4,396 shares of the apparel and home fashions retailer’s stock valued at $266,000 after purchasing an additional 398 shares during the last quarter. 89.28% of the stock is owned by institutional investors.
TJX Companies Stock Up 0.1 %
TJX opened at $91.15 on Friday. The stock has a market cap of $104.28 billion, a PE ratio of 26.73, a P/E/G ratio of 2.20 and a beta of 0.91. The company has a quick ratio of 0.56, a current ratio of 1.20 and a debt-to-equity ratio of 0.43. The TJX Companies, Inc. has a 52 week low of $72.92 and a 52 week high of $93.78. The business’s fifty day simple moving average is $89.83 and its 200 day simple moving average is $85.27.
TJX Companies (NYSE:TJX – Get Free Report) last released its earnings results on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. The business had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $12.45 billion. TJX Companies had a return on equity of 62.61% and a net margin of 7.77%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. As a group, research analysts expect that The TJX Companies, Inc. will post 3.71 earnings per share for the current fiscal year.
TJX Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be paid a dividend of $0.3325 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 1.46%. TJX Companies’s dividend payout ratio (DPR) is currently 39.00%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. BMO Capital Markets increased their target price on TJX Companies from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, August 17th. Evercore ISI assumed coverage on TJX Companies in a research report on Tuesday. They set an “outperform” rating and a $105.00 target price on the stock. Morgan Stanley increased their target price on TJX Companies from $93.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, August 17th. Bank of America increased their target price on TJX Companies from $94.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Finally, Citigroup increased their target price on TJX Companies from $90.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $96.74.
Get Our Latest Stock Report on TJX Companies
Insider Activity
In other news, CEO Ernie Herrman sold 45,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $89.04, for a total transaction of $4,006,800.00. Following the transaction, the chief executive officer now directly owns 642,098 shares of the company’s stock, valued at $57,172,405.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Ernie Herrman sold 45,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $89.04, for a total transaction of $4,006,800.00. Following the transaction, the chief executive officer now directly owns 642,098 shares of the company’s stock, valued at $57,172,405.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenneth Canestrari sold 4,197 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total value of $377,730.00. Following the transaction, the executive vice president now directly owns 115,223 shares in the company, valued at $10,370,070. The disclosure for this sale can be found here. Over the last three months, insiders have sold 114,014 shares of company stock valued at $10,291,303. 0.13% of the stock is currently owned by insiders.
TJX Companies Company Profile
(Free Report)
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.
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