Bryn Mawr Capital Management LLC Acquires 3,896 Shares of The TJX Companies, Inc. (NYSE:TJX)

Bryn Mawr Capital Management LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.5% in the second quarter, HoldingsChannel.com reports. The firm owned 114,570 shares of the apparel and home fashions retailer’s stock after buying an additional 3,896 shares during the period. Bryn Mawr Capital Management LLC’s holdings in TJX Companies were worth $12,614,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Running Oak Capital LLC increased its stake in TJX Companies by 10.9% during the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after purchasing an additional 11,036 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in shares of TJX Companies by 15.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after acquiring an additional 9,500 shares in the last quarter. Options Solutions LLC bought a new stake in shares of TJX Companies in the 4th quarter worth $726,000. Advisors Capital Management LLC grew its stake in shares of TJX Companies by 3.7% in the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after acquiring an additional 20,629 shares in the last quarter. Finally, Ethos Financial Group LLC bought a new stake in shares of TJX Companies in the 4th quarter worth $269,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Robert W. Baird upped their target price on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, Sanford C. Bernstein boosted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Stock Performance

NYSE TJX traded down $0.10 during trading on Friday, hitting $117.27. 6,369,587 shares of the company’s stock traded hands, compared to its average volume of 5,430,519. The stock has a market capitalization of $132.53 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 3.04 and a beta of 0.88. The TJX Companies, Inc. has a 12-month low of $86.71 and a 12-month high of $121.13. 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 business has a 50 day moving average of $112.79 and a 200-day moving average of $104.02.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The company’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 fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Thursday, August 15th. 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.