Valeo Financial Advisors LLC Acquires 743 Shares of The TJX Companies, Inc. (NYSE:TJX)

Valeo Financial Advisors LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,264 shares of the apparel and home fashions retailer’s stock after purchasing an additional 743 shares during the quarter. Valeo Financial Advisors LLC’s holdings in TJX Companies were worth $2,562,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Running Oak Capital LLC grew its stake in TJX Companies by 10.9% in the first 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 acquiring an additional 11,036 shares during the period. New Mexico Educational Retirement Board grew its holdings in TJX Companies by 15.9% during the first 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 buying an additional 9,500 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its position in TJX Companies by 3.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock valued at $56,613,000 after buying an additional 21,767 shares during the last quarter. Savoir Faire Capital Management L.P. bought a new position in TJX Companies during the 3rd quarter valued at $3,197,000. Finally, Gateway Investment Advisers LLC boosted its holdings in TJX Companies by 42.9% during the 4th quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock worth $1,793,000 after acquiring an additional 5,737 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on TJX shares. UBS Group raised their price target on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a research report on Tuesday, May 21st. TD Cowen increased their price target on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Loop Capital boosted their price objective on TJX Companies from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, BMO Capital Markets boosted their price objective on TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.50.

Insiders Place Their Bets

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the transaction, the executive vice president now directly owns 110,893 shares in the company, valued at approximately $11,089,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares in the company, valued at approximately $5,042,756.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock worth $5,060,941 in the last ninety days. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Performance

NYSE:TJX opened at $110.39 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The TJX Companies, Inc. has a 52-week low of $82.25 and a 52-week high of $111.79. The firm has a market cap of $124.76 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.95 and a beta of 0.88. The business’s fifty day moving average is $103.12 and its 200 day moving average is $98.59.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. Research analysts predict that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a $0.375 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.36%. 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.