Deltec Asset Management LLC Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Deltec Asset Management LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,014,000.

Several other institutional investors and hedge funds also recently modified their holdings of TJX. Ironwood Investment Counsel LLC bought a new stake in shares of TJX Companies in the third quarter worth $819,000. Corton Capital Inc. acquired a new stake in TJX Companies in the 3rd quarter valued at $270,000. Gotham Asset Management LLC lifted its position in TJX Companies by 12.3% during the 3rd quarter. Gotham Asset Management LLC now owns 84,797 shares of the apparel and home fashions retailer’s stock worth $7,537,000 after buying an additional 9,277 shares in the last quarter. Dempze Nancy E boosted its stake in shares of TJX Companies by 0.7% during the 3rd quarter. Dempze Nancy E now owns 33,647 shares of the apparel and home fashions retailer’s stock worth $2,991,000 after buying an additional 220 shares during the last quarter. Finally, United Services Automobile Association grew its holdings in shares of TJX Companies by 11.3% in the 3rd quarter. United Services Automobile Association now owns 29,056 shares of the apparel and home fashions retailer’s stock valued at $2,582,000 after acquiring an additional 2,939 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on TJX shares. TD Cowen increased their price target on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Evercore ISI set a $113.00 price objective on TJX Companies in a report on Tuesday, May 21st. Barclays boosted their target price on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. BMO Capital Markets increased their price target on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Finally, Robert W. Baird boosted their price objective on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $110.39.

TJX Companies Stock Performance

TJX stock traded down $0.45 during trading hours on Friday, hitting $110.10. 12,781,419 shares of the stock were exchanged, compared to its average volume of 6,462,926. The TJX Companies, Inc. has a 12 month low of $82.25 and a 12 month high of $111.79. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $124.43 billion, a P/E ratio of 27.32, a P/E/G ratio of 2.94 and a beta of 0.87. The company has a 50-day simple moving average of $102.48 and a two-hundred day simple moving average of $98.30.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter in the previous year, the company earned $0.76 EPS. The business’s revenue was up 5.9% on a year-over-year basis. On average, analysts forecast that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the transaction, the director now owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The disclosure for this sale can be found here. Insiders sold 50,003 shares of company stock valued at $5,060,941 in the last three months. Corporate insiders own 0.13% of the company’s stock.

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.