The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,440 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,293 shares during the period. Summit Trail Advisors LLC’s holdings in TJX Companies were worth $2,140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Valued Wealth Advisors LLC raised its position 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 purchasing an additional 177 shares during the period. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies in the 2nd quarter valued at $25,000. OFI Invest Asset Management acquired a new position in TJX Companies during the 1st quarter worth about $30,000. AlphaMark Advisors LLC boosted its holdings in TJX Companies by 58.4% during the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after acquiring an additional 122 shares during the period. Finally, New Millennium Group LLC acquired a new position in TJX Companies in the 2nd quarter valued at about $34,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s 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 sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX opened at $117.93 on Friday. 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 TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13. The stock has a 50 day moving average price of $114.83 and a 200 day moving average price of $106.21. The company has a market capitalization of $133.28 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS 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 the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.85 EPS. Research analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.27%. TJX Companies’s dividend payout ratio is presently 37.22%.

Analysts Set New Price Targets

Several analysts have recently issued reports on TJX shares. BMO Capital Markets increased their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Loop Capital increased their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Bank of America boosted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Robert W. Baird upped their price objective on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company lifted their target price on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

About TJX Companies

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.