The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Oxbow Advisors LLC

Oxbow Advisors LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 11.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,648 shares of the apparel and home fashions retailer’s stock after buying an additional 272 shares during the period. Oxbow Advisors LLC’s holdings in TJX Companies were worth $269,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TJX. Vanguard Group Inc. grew its position 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 worth $9,025,157,000 after purchasing an additional 1,071,078 shares during the last quarter. Royal Bank of Canada grew its position in TJX Companies by 7.9% in the 4th quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock worth $1,333,913,000 after purchasing an additional 1,046,148 shares during the last quarter. Norges Bank bought a new position in TJX Companies in the 4th quarter worth about $1,193,438,000. Jennison Associates LLC grew its position in TJX Companies by 3.9% in the 1st quarter. Jennison Associates LLC now owns 9,392,061 shares of the apparel and home fashions retailer’s stock worth $952,543,000 after purchasing an additional 351,400 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of TJX Companies by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,534,165 shares of the apparel and home fashions retailer’s stock valued at $612,970,000 after acquiring an additional 115,304 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at $11,089,300. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following 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. Over the last three months, insiders sold 50,003 shares of company stock valued at $5,060,941. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX Companies stock traded up $0.57 during mid-day trading on Friday, reaching $114.51. The company had a trading volume of 537,544 shares, compared to its average volume of 5,451,817. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The TJX Companies, Inc. has a 52 week low of $83.99 and a 52 week high of $114.90. The company has a 50 day moving average of $105.48 and a 200-day moving average of $99.51. The firm has a market cap of $129.41 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 3.02 and a beta of 0.88.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share 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 business had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same period in the previous year, the business earned $0.76 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a $0.375 dividend. 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 1.31%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Evercore ISI set a $113.00 target price on shares of TJX Companies in a research note on Tuesday, May 21st. TD Cowen increased their target price on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Loop Capital increased their target price on shares of TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Finally, Sanford C. Bernstein upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.50.

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.