Ted Buchan & Co Acquires New Stake in The TJX Companies, Inc. (NYSE:TJX)

Ted Buchan & Co acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,004 shares of the apparel and home fashions retailer’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Advisory Alpha LLC increased its holdings in TJX Companies by 19.9% in the second quarter. Advisory Alpha LLC now owns 3,353 shares of the apparel and home fashions retailer’s stock valued at $369,000 after purchasing an additional 556 shares during the period. Chase Investment Counsel Corp grew its holdings in TJX Companies by 2.5% during the 2nd quarter. Chase Investment Counsel Corp now owns 34,968 shares of the apparel and home fashions retailer’s stock worth $3,849,000 after acquiring an additional 840 shares during the period. EP Wealth Advisors LLC grew its holdings in TJX Companies by 229.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer’s stock worth $24,387,000 after acquiring an additional 154,342 shares during the period. Kimelman & Baird LLC acquired a new stake in TJX Companies during the 2nd quarter worth about $37,816,000. Finally, Core Alternative Capital grew its holdings in TJX Companies by 2.6% during the 2nd quarter. Core Alternative Capital now owns 55,407 shares of the apparel and home fashions retailer’s stock worth $6,100,000 after acquiring an additional 1,379 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 0.0 %

TJX Companies stock opened at $117.54 on Tuesday. The firm has a 50 day simple moving average of $115.34 and a 200 day simple moving average of $107.16. The firm has a market capitalization of $132.57 billion, a price-to-earnings ratio of 29.17, a P/E/G ratio of 2.97 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. The TJX Companies, Inc. has a 1-year low of $86.71 and a 1-year high of $121.13.

TJX Companies (NYSE:TJX) last released its quarterly 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 during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. On average, analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given 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 dividend yield of 1.28%. TJX Companies’s dividend payout ratio (DPR) is currently 37.22%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TJX. BMO Capital Markets increased their price target on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Jefferies Financial Group increased their price target on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley increased their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Loop Capital raised their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average price target 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.