Brighton Jones LLC Acquires 420 Shares of The TJX Companies, Inc. (NYSE:TJX)

Brighton Jones LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,694 shares of the apparel and home fashions retailer’s stock after buying an additional 420 shares during the period. Brighton Jones LLC’s holdings in TJX Companies were worth $1,508,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TJX. Price T Rowe Associates Inc. MD raised its stake in TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares during the period. PineStone Asset Management Inc. raised its stake in TJX Companies by 134.2% in the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after buying an additional 3,132,960 shares during the period. Capital Wealth Planning LLC bought a new stake in TJX Companies in the second quarter valued at approximately $315,698,000. Los Angeles Capital Management LLC raised its stake in TJX Companies by 80.6% in the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after buying an additional 1,313,517 shares during the period. Finally, Vanguard Group Inc. raised its stake in TJX Companies by 1.3% in the first quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after buying an additional 1,269,792 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’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 transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. TD Cowen lifted their price target on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. UBS Group upped their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Morgan Stanley raised their target price on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, BMO Capital Markets upped their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Price Performance

Shares of TJX opened at $117.90 on Friday. 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 company has a market capitalization of $133.24 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The business has a 50-day moving average of $114.83 and a 200-day moving average of $106.15.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (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 during the quarter, compared to the consensus estimate of $13.31 billion. During the same period last year, the company earned $0.85 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid 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 is currently 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.