Old Port Advisors Makes New $204,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

Old Port Advisors acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, Holdings Channel reports. The fund acquired 1,854 shares of the apparel and home fashions retailer’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Running Oak Capital LLC increased its position in TJX Companies by 10.9% during the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after purchasing an additional 11,036 shares during the period. New Mexico Educational Retirement Board raised its holdings in shares of TJX Companies by 15.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock valued at $7,037,000 after purchasing an additional 9,500 shares in the last quarter. Options Solutions LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $726,000. Advisors Capital Management LLC raised its holdings in shares of TJX Companies by 3.7% in the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock valued at $58,045,000 after purchasing an additional 20,629 shares in the last quarter. Finally, Ethos Financial Group LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $269,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $0.03 during midday trading on Friday, reaching $111.45. The company’s stock had a trading volume of 4,656,333 shares, compared to its average volume of 5,384,507. The firm has a market capitalization of $125.96 billion, a PE ratio of 27.65, a P/E/G ratio of 2.90 and a beta of 0.88. The TJX Companies, Inc. has a twelve month low of $86.71 and a twelve month high of $115.35. The stock has a fifty day moving average of $111.15 and a 200 day moving average of $102.72. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share. On average, equities analysts expect that The TJX Companies, Inc. will post 4.12 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared 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. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.35%. TJX Companies’s dividend payout ratio is presently 37.22%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays boosted their price target on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. TD Cowen boosted their price target on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 17th. 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. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a research note on Tuesday, May 21st. Finally, Loop Capital boosted their price objective on shares of TJX Companies from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $113.39.

Insider Activity at TJX Companies

In related news, EVP Louise Greenlees sold 8,171 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares in the company, valued at $5,042,756.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies 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 sale, the executive vice president now owns 110,893 shares in the company, valued at $11,089,300. The sale was disclosed in a document filed with the SEC, which can be accessed 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 transaction of $831,235.83. Following the completion of the sale, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,003 shares of company stock worth $5,060,941. 0.13% of the stock is owned by company insiders.

TJX Companies 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.