The TJX Companies, Inc. (NYSE:TJX) Stake Boosted by 1620 Investment Advisors Inc.

1620 Investment Advisors Inc. boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 156.7% in the second quarter, HoldingsChannel reports. The fund owned 19,317 shares of the apparel and home fashions retailer’s stock after buying an additional 11,793 shares during the quarter. TJX Companies accounts for 1.6% of 1620 Investment Advisors Inc.’s portfolio, making the stock its 9th biggest holding. 1620 Investment Advisors Inc.’s holdings in TJX Companies were worth $2,127,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TJX. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies during the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC raised its stake in shares of TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares in the last quarter. First Pacific Financial bought a new position in shares of TJX Companies in the 1st quarter valued at approximately $29,000. Frazier Financial Advisors LLC bought a new position in shares of TJX Companies in the 4th quarter valued at approximately $27,000. Finally, OFI Invest Asset Management bought a new position in shares of TJX Companies in the 1st quarter valued at approximately $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the transaction, the chief executive officer now owns 571,148 shares in the company, valued at $58,354,191.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Louise Greenlees sold 8,171 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the transaction, the executive vice president now owns 49,570 shares in the company, valued at $5,042,756.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the transaction, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,671 shares of company stock worth $3,027,741. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX traded down $1.23 during trading hours on Thursday, reaching $119.00. The company had a trading volume of 7,842,659 shares, compared to its average volume of 5,455,863. The stock has a 50-day moving average of $111.86 and a two-hundred day moving average of $103.27. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.06. The firm has a market capitalization of $134.49 billion, a PE ratio of 29.53, a PEG ratio of 2.95 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38.

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. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. Analysts forecast that The TJX Companies, Inc. will post 4.12 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, September 5th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is presently 37.22%.

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent analyst reports. TD Cowen lifted their price target on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley lifted their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday. Barclays lifted their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America lifted their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, UBS Group boosted their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

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.