Dana Investment Advisors Inc. Acquires 140,230 Shares of The TJX Companies, Inc. (NYSE:TJX)

Dana Investment Advisors Inc. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1,476.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 149,726 shares of the apparel and home fashions retailer’s stock after purchasing an additional 140,230 shares during the quarter. Dana Investment Advisors Inc.’s holdings in TJX Companies were worth $16,485,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Aveo Capital Partners LLC boosted its holdings in TJX Companies by 6.0% in the fourth quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock worth $335,000 after acquiring an additional 203 shares in the last quarter. Gryphon Financial Partners LLC raised its stake in shares of TJX Companies by 35.9% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,908 shares of the apparel and home fashions retailer’s stock worth $249,000 after purchasing an additional 768 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $400,000. KBC Group NV boosted its position in shares of TJX Companies by 30.6% during the fourth quarter. KBC Group NV now owns 322,446 shares of the apparel and home fashions retailer’s stock valued at $30,248,000 after buying an additional 75,598 shares during the last quarter. Finally, NEOS Investment Management LLC grew its holdings in TJX Companies by 36.2% during the fourth quarter. NEOS Investment Management LLC now owns 16,228 shares of the apparel and home fashions retailer’s stock worth $1,522,000 after buying an additional 4,312 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s 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 completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Robert W. Baird lifted their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $128.00 price objective on shares of TJX Companies in a research report on Wednesday, August 21st. Barclays lifted their target price on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI upped their target price on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Stock Performance

Shares of TJX opened at $117.54 on Tuesday. The TJX Companies, Inc. has a 1 year low of $86.71 and a 1 year high of $121.13. 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 stock’s fifty day moving average price is $115.34 and its two-hundred day moving average price is $107.16. The firm has a market cap of $132.57 billion, a PE ratio of 29.17, a PEG ratio of 2.97 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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 business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same period in the previous year, the business earned $0.85 EPS. TJX Companies’s 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 year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.28%. 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.