BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 80,494 Shares of The TJX Companies, Inc. (NYSE:TJX)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 59.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 217,021 shares of the apparel and home fashions retailer’s stock after purchasing an additional 80,494 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in TJX Companies were worth $23,894,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TJX. Valued Wealth Advisors LLC raised its stake in TJX Companies by 260.3% in the 1st 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 period. Richard W. Paul & Associates LLC bought a new position in TJX Companies in the 2nd quarter valued at about $25,000. OFI Invest Asset Management bought a new position in shares of TJX Companies during the first quarter worth approximately $30,000. AlphaMark Advisors LLC lifted its holdings in shares of TJX Companies by 58.4% during the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after buying an additional 122 shares in the last quarter. Finally, New Millennium Group LLC acquired a new stake in TJX Companies in the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 0.5 %

NYSE:TJX opened at $117.72 on Wednesday. The firm has a fifty day simple moving average of $114.95 and a two-hundred day simple moving average of $106.59. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The stock has a market capitalization of $132.77 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 2.96 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share 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 analysts’ expectations of $13.31 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a dividend of $0.375 per share. 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 (DPR) is currently 37.22%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TJX. Telsey Advisory Group reaffirmed an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. Morgan Stanley upped their target price on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Robert W. Baird boosted their price target on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. TD Cowen upped their target price on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and lifted their target price for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.76.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were 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 owns 536,148 shares in the company, valued at $63,018,835.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.