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 second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,694 shares of the apparel and home fashions retailer’s stock after acquiring an additional 420 shares during the quarter. Brighton Jones LLC’s holdings in TJX Companies were worth $1,508,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Richard W. Paul & Associates LLC bought a new position in TJX Companies in the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC boosted its stake in TJX Companies by 260.3% in the first 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 during the last quarter. Frazier Financial Advisors LLC bought a new position in TJX Companies in the fourth quarter valued at approximately $27,000. New Millennium Group LLC bought a new position in TJX Companies in the second quarter valued at approximately $34,000. Finally, OFI Invest Asset Management bought a new position in TJX Companies in the first quarter valued at approximately $30,000. 91.09% of the stock is owned by institutional investors.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the 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 transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.3 %

Shares of NYSE:TJX opened at $117.90 on Friday. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $114.83 and its 200 day simple moving average is $106.15. The firm has a market cap of $133.24 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 3.02 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping 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 firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the previous year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.27%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Analyst Upgrades and Downgrades

TJX has been the topic of several analyst reports. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and increased their target price for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Jefferies Financial Group increased their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Evercore ISI increased their target price on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Wells Fargo & Company increased their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Finally, TD Cowen increased their target price on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

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.