Valeo Financial Advisors LLC Grows Position in The TJX Companies, Inc. (NYSE:TJX)

Valeo Financial Advisors LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,264 shares of the apparel and home fashions retailer’s stock after purchasing an additional 743 shares during the period. Valeo Financial Advisors LLC’s holdings in TJX Companies were worth $2,562,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TJX. Frazier Financial Advisors LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at about $27,000. Anchor Investment Management LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at about $28,000. BKM Wealth Management LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at about $30,000. AlphaMark Advisors LLC lifted its position in shares of TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after acquiring an additional 122 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new position in shares of TJX Companies in the first quarter valued at about $37,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Evercore ISI set a $113.00 price objective on TJX Companies in a research report on Tuesday, May 21st. UBS Group lifted their target price on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Sanford C. Bernstein lifted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. BMO Capital Markets boosted their price objective on TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Finally, TD Cowen boosted their price objective on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.50.

TJX Companies Stock Up 0.2 %

Shares of NYSE TJX opened at $110.39 on Thursday. The stock has a 50 day moving average price of $103.12 and a 200 day moving average price of $98.59. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The firm has a market capitalization of $124.76 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.95 and a beta of 0.88. The TJX Companies, Inc. has a 52-week low of $82.25 and a 52-week high of $111.79.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 earnings per share. Sell-side analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders 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 dividend yield of 1.36%. The ex-dividend date is Thursday, August 15th. TJX Companies’s payout ratio is presently 37.22%.

Insider Transactions at TJX Companies

In other news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction 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 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 accessible through the SEC website. In related news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the transaction, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction on 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 in the company, valued at $11,089,300. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,003 shares of company stock valued at $5,060,941. Corporate insiders own 0.13% of the company’s stock.

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.