The TJX Companies, Inc. (NYSE:TJX) Holdings Lifted by AlphaMark Advisors LLC

AlphaMark Advisors LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 58.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 331 shares of the apparel and home fashions retailer’s stock after acquiring an additional 122 shares during the period. AlphaMark Advisors LLC’s holdings in TJX Companies were worth $34,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in TJX Companies during the 4th quarter worth approximately $1,193,438,000. Schroder Investment Management Group raised its position in shares of TJX Companies by 350.9% in the third quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock valued at $184,714,000 after purchasing an additional 1,617,367 shares during the period. Nordea Investment Management AB raised its holdings in TJX Companies by 23.2% in the 4th quarter. Nordea Investment Management AB now owns 5,881,507 shares of the apparel and home fashions retailer’s stock valued at $554,156,000 after acquiring an additional 1,107,937 shares during the period. Canoe Financial LP lifted its holdings in TJX Companies by 22,145.7% during the 4th quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock worth $104,344,000 after purchasing an additional 1,107,287 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in TJX Companies by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 96,206,766 shares of the apparel and home fashions retailer’s stock valued at $9,025,157,000 after purchasing an additional 1,071,078 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TJX. TD Cowen boosted their price target on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a report on Tuesday, May 21st. Telsey Advisory Group lifted their target price on shares of TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, BMO Capital Markets upped their price objective on TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.39.

TJX Companies Stock Performance

TJX stock traded up $0.48 on Monday, hitting $110.58. The company’s stock had a trading volume of 3,660,517 shares, compared to its average volume of 5,565,860. The TJX Companies, Inc. has a 1 year low of $82.25 and a 1 year high of $111.79. The stock has a market cap of $124.97 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. The firm has a 50 day moving average of $102.48 and a two-hundred day moving average of $98.30. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating 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 firm had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter last year, the business earned $0.76 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts predict that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a $0.375 dividend. The ex-dividend date 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 is currently 37.22%.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 571,148 shares in the company, valued at $58,354,191.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the sale, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at $11,089,300. The disclosure for this sale can be found here. In the last three months, insiders sold 50,003 shares of company stock worth $5,060,941. 0.13% of the stock is currently owned by insiders.

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.