Vicus Capital Acquires 2,990 Shares of The TJX Companies, Inc. (NYSE:TJX)

Vicus Capital boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 110.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,708 shares of the apparel and home fashions retailer’s stock after buying an additional 2,990 shares during the quarter. Vicus Capital’s holdings in TJX Companies were worth $579,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC bought a new stake in TJX Companies during the 4th quarter worth about $27,000. Anchor Investment Management LLC bought a new stake in TJX Companies during the 4th quarter worth about $28,000. BKM Wealth Management LLC bought a new stake in TJX Companies during the 4th quarter worth about $30,000. Register Financial Advisors LLC acquired a new position in shares of TJX Companies during the 1st quarter worth about $37,000. Finally, Sachetta LLC acquired a new position in shares of TJX Companies during the 4th quarter worth about $38,000. 91.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now owns 110,893 shares in the company, valued at approximately $11,089,300. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock valued at $5,060,941 in the last quarter. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group boosted their target price on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Telsey Advisory Group boosted their target price on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a research report on Tuesday, May 21st. Robert W. Baird boosted their target price on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, Sanford C. Bernstein boosted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $110.37.

TJX Companies Stock Down 0.4 %

NYSE:TJX traded down $0.45 during trading hours on Friday, reaching $110.10. 12,781,419 shares of the stock were exchanged, compared to its average volume of 6,462,926. The TJX Companies, Inc. has a twelve month low of $82.25 and a twelve month high of $111.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The firm has a 50 day moving average of $102.48 and a 200 day moving average of $98.25. The stock has a market cap of $124.43 billion, a PE ratio of 27.32, a PEG ratio of 2.96 and a beta of 0.87.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The firm had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same quarter in the prior year, the firm posted $0.76 EPS. The business’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts expect that The TJX Companies, Inc. will post 4.09 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, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) 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.