Mill Creek Capital Advisors LLC Purchases 924 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mill Creek Capital Advisors LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,134 shares of the apparel and home fashions retailer’s stock after acquiring an additional 924 shares during the period. Mill Creek Capital Advisors LLC’s holdings in TJX Companies were worth $1,006,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TJX. Dearborn Partners LLC raised its holdings in TJX Companies by 4.0% during the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after buying an additional 90 shares during the last quarter. Concorde Asset Management LLC grew its stake in shares of TJX Companies by 2.8% in the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock worth $367,000 after acquiring an additional 90 shares in the last quarter. Wambolt & Associates LLC grew its stake in shares of TJX Companies by 1.4% in the 2nd quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock worth $751,000 after acquiring an additional 94 shares in the last quarter. Armbruster Capital Management Inc. grew its stake in shares of TJX Companies by 4.9% in the 2nd quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock worth $231,000 after acquiring an additional 97 shares in the last quarter. Finally, Aprio Wealth Management LLC grew its stake in shares of TJX Companies by 4.8% in the 2nd quarter. Aprio Wealth Management LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock worth $240,000 after acquiring an additional 99 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. TD Cowen raised their target price on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company raised their target price on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Finally, StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Three equities research 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Down 0.7 %

Shares of TJX Companies stock opened at $117.12 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $114.90 and its two-hundred day simple moving average is $106.43. The company has a market cap of $132.36 billion, a P/E ratio of 29.06, a PEG ratio of 3.02 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $86.71 and a 12-month high of $121.13.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $13.31 billion. During the same period in the prior year, the firm earned $0.85 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. Research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.28%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

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.