The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 9.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,809 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,555 shares during the quarter. Insigneo Advisory Services LLC’s holdings in TJX Companies were worth $1,939,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC boosted its holdings in shares of TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares during the period. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies during the 2nd quarter worth $25,000. OFI Invest Asset Management purchased a new position in TJX Companies during the 1st quarter worth $30,000. AlphaMark Advisors LLC grew its position in TJX Companies by 58.4% during the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after purchasing an additional 122 shares during the last quarter. Finally, New Millennium Group LLC acquired a new position in TJX Companies in the second quarter valued at $34,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of several analyst reports. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and lifted their target price for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 price objective on shares of TJX Companies in a research report on Wednesday, August 21st. Bank of America boosted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Morgan Stanley raised their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, UBS Group boosted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $117.72 on Wednesday. The firm has a market capitalization of $132.77 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 2.96 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The business’s 50 day simple moving average is $114.95 and its 200-day simple moving average is $106.59. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the previous year, the business earned $0.85 earnings per share. TJX Companies’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.27%. TJX Companies’s dividend payout ratio (DPR) is currently 37.22%.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently 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.