Clear Creek Financial Management LLC Acquires 710 Shares of The TJX Companies, Inc. (NYSE:TJX)

Clear Creek Financial Management LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 17.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,840 shares of the apparel and home fashions retailer’s stock after acquiring an additional 710 shares during the quarter. Clear Creek Financial Management LLC’s holdings in TJX Companies were worth $533,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TJX. Pinnacle Wealth Management Advisory Group LLC grew its stake in TJX Companies by 3.4% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,282 shares of the apparel and home fashions retailer’s stock worth $692,000 after purchasing an additional 206 shares during the period. Community Financial Services Group LLC boosted its holdings in shares of TJX Companies by 277.8% during the 2nd quarter. Community Financial Services Group LLC now owns 19,933 shares of the apparel and home fashions retailer’s stock worth $2,195,000 after buying an additional 14,657 shares in the last quarter. Field & Main Bank grew its position in shares of TJX Companies by 0.7% during the 2nd quarter. Field & Main Bank now owns 17,085 shares of the apparel and home fashions retailer’s stock worth $1,881,000 after buying an additional 113 shares during the period. Waypoint Capital Advisors LLC increased its stake in shares of TJX Companies by 1.2% in the 2nd quarter. Waypoint Capital Advisors LLC now owns 11,804 shares of the apparel and home fashions retailer’s stock valued at $1,300,000 after acquiring an additional 141 shares in the last quarter. Finally, Institute for Wealth Management LLC. lifted its position in shares of TJX Companies by 4.0% during the 2nd quarter. Institute for Wealth Management LLC. now owns 7,761 shares of the apparel and home fashions retailer’s stock valued at $854,000 after acquiring an additional 295 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on TJX. Robert W. Baird upped their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a research report on Tuesday, May 21st. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and raised their target price for the company from $110.00 to $128.00 in a report on Thursday. Loop Capital lifted their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Morgan Stanley increased their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction dated 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 sale, the director now owns 23,470 shares in the company, valued at approximately $2,395,582.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the transaction, the executive vice president now directly owns 49,570 shares in the company, valued at approximately $5,042,756.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $119.47 on Monday. The firm’s 50 day moving average is $112.08 and its 200 day moving average is $103.51. The stock has a market capitalization of $135.02 billion, a P/E ratio of 29.65, a PEG ratio of 3.14 and a beta of 0.88. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.06. The company has a current ratio of 1.21, a quick ratio of 0.61 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is 37.22%.

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.