MBB Public Markets I LLC Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

MBB Public Markets I LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 2,554.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 79,620 shares of the apparel and home fashions retailer’s stock after purchasing an additional 76,620 shares during the quarter. MBB Public Markets I LLC’s holdings in TJX Companies were worth $8,766,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Dearborn Partners LLC lifted its holdings in TJX Companies by 4.0% during the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock valued at $260,000 after purchasing an additional 90 shares in the last quarter. Concorde Asset Management LLC boosted its stake in shares of TJX Companies by 2.8% in the second quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock worth $367,000 after acquiring an additional 90 shares during the period. Wambolt & Associates LLC lifted its holdings in TJX Companies by 1.4% in the 2nd quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock worth $751,000 after purchasing an additional 94 shares in the last quarter. Armbruster Capital Management Inc. boosted its stake in TJX Companies by 4.9% in the 2nd quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock worth $231,000 after purchasing an additional 97 shares during the period. Finally, Aprio Wealth Management LLC grew its holdings in TJX Companies by 4.8% during the 2nd quarter. Aprio Wealth Management LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock valued at $240,000 after buying an additional 99 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Down 0.1 %

NYSE TJX opened at $118.05 on Friday. The stock has a market cap of $133.15 billion, a PE ratio of 29.29, a PEG ratio of 2.97 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The company’s 50-day moving average price is $115.04 and its 200-day moving average price is $106.67. The company has a current ratio of 1.21, a quick ratio of 0.60 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 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. Equities research analysts forecast that The TJX Companies, Inc. will post 4.15 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, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.27%. TJX Companies’s dividend payout ratio is currently 37.22%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TJX shares. Morgan Stanley boosted their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Robert W. Baird increased 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, August 22nd. Barclays lifted their target price on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Jefferies Financial Group upped their price objective on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $128.00 price target on shares of TJX Companies in a research report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.