Atlantic Union Bankshares Corp Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

Atlantic Union Bankshares Corp increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,980 shares of the apparel and home fashions retailer’s stock after buying an additional 1,277 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in TJX Companies were worth $3,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Eagle Asset Management Inc. acquired a new position in TJX Companies in the 3rd quarter valued at about $2,923,000. O Shaughnessy Asset Management LLC grew its position in shares of TJX Companies by 17.5% during the third quarter. O Shaughnessy Asset Management LLC now owns 109,428 shares of the apparel and home fashions retailer’s stock worth $9,726,000 after buying an additional 16,304 shares in the last quarter. Mather Group LLC. grew its position in shares of TJX Companies by 2.1% during the third quarter. Mather Group LLC. now owns 9,038 shares of the apparel and home fashions retailer’s stock worth $803,000 after buying an additional 182 shares in the last quarter. Vinva Investment Management Ltd grew its position in shares of TJX Companies by 5.0% during the third quarter. Vinva Investment Management Ltd now owns 30,956 shares of the apparel and home fashions retailer’s stock worth $2,773,000 after buying an additional 1,467 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of TJX Companies by 105.9% during the third quarter. Qube Research & Technologies Ltd now owns 2,378,802 shares of the apparel and home fashions retailer’s stock worth $211,428,000 after buying an additional 1,223,303 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX traded down $0.45 during trading hours on Friday, hitting $110.10. The company’s stock had a trading volume of 12,408,897 shares, compared to its average volume of 5,571,441. The TJX Companies, Inc. has a 52-week low of $82.25 and a 52-week high of $111.79. The company has a market capitalization of $124.43 billion, a PE ratio of 27.32, a PEG ratio of 2.96 and a beta of 0.87. The business’s 50-day moving average is $102.48 and its two-hundred day moving average is $98.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is presently 37.22%.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the sale, the director now directly owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now directly owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Louise Greenlees sold 8,171 shares of TJX Companies stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the transaction, the executive vice president now directly owns 49,570 shares in the company, valued at $5,042,756.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,003 shares of company stock valued at $5,060,941. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TJX shares. TD Cowen boosted their target price on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. BMO Capital Markets boosted their target price on TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. UBS Group boosted their target price on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Evercore ISI set a $113.00 price objective on TJX Companies in a research note on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.37.

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.