SkyView Investment Advisors LLC Purchases 2,144 Shares of The TJX Companies, Inc. (NYSE:TJX)

SkyView Investment Advisors LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 23.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,326 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,144 shares during the period. SkyView Investment Advisors LLC’s holdings in TJX Companies were worth $1,247,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. BMO Capital Markets raised their price objective on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. TD Cowen upped their price objective on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Evercore ISI upped their price target on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and increased their target price for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 price target on shares of TJX Companies in a report on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $117.50 on Friday. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.13. The business has a 50-day simple moving average of $115.25 and a 200-day simple moving average of $106.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The company has a market cap of $132.52 billion, a PE ratio of 29.16, a P/E/G ratio of 2.97 and a beta of 0.89.

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

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 37.22%.

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.