Profund Advisors LLC Raises Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Profund Advisors LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 13.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,801 shares of the apparel and home fashions retailer’s stock after buying an additional 2,391 shares during the quarter. Profund Advisors LLC’s holdings in TJX Companies were worth $1,552,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fairfield Bush & CO. purchased a new position in shares of TJX Companies in the 1st quarter worth approximately $68,000. United Bank boosted its stake in shares of TJX Companies by 9.2% during the 1st quarter. United Bank now owns 15,197 shares of the apparel and home fashions retailer’s stock worth $921,000 after purchasing an additional 1,284 shares during the period. AMI Investment Management Inc. bought a new position in TJX Companies during the 1st quarter valued at about $2,780,000. Cetera Investment Advisers raised its position in TJX Companies by 69.0% in the 1st quarter. Cetera Investment Advisers now owns 38,304 shares of the apparel and home fashions retailer’s stock worth $2,320,000 after purchasing an additional 15,644 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in TJX Companies by 10.0% in the first quarter. Sequoia Financial Advisors LLC now owns 4,396 shares of the apparel and home fashions retailer’s stock worth $266,000 after purchasing an additional 398 shares during the last quarter. Institutional investors own 89.28% of the company’s stock.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 45,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $89.04, for a total transaction of $4,006,800.00. Following the sale, the chief executive officer now owns 642,098 shares in the company, valued at $57,172,405.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Kenneth Canestrari sold 4,197 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $90.00, for a total value of $377,730.00. Following the transaction, the executive vice president now directly owns 115,223 shares of the company’s stock, valued at approximately $10,370,070. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 45,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $89.04, for a total value of $4,006,800.00. Following the sale, the chief executive officer now owns 642,098 shares in the company, valued at approximately $57,172,405.92. The disclosure for this sale can be found here. Insiders have sold 114,014 shares of company stock valued at $10,291,303 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TJX. Citigroup upped their price objective on TJX Companies from $90.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Loop Capital raised their price target on shares of TJX Companies from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $80.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, August 17th. StockNews.com assumed coverage on shares of TJX Companies in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Finally, Jefferies Financial Group boosted their price target on TJX Companies from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.95.

TJX Companies Stock Performance

TJX stock opened at $92.14 on Thursday. The TJX Companies, Inc. has a one year low of $59.78 and a one year high of $92.33. The firm has a market cap of $105.42 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 2.18 and a beta of 0.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.56 and a current ratio of 1.20. The firm has a 50-day simple moving average of $86.06 and a two-hundred day simple moving average of $80.71.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. TJX Companies had a net margin of 7.77% and a return on equity of 62.61%. The company had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. TJX Companies’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that The TJX Companies, Inc. will post 3.72 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be paid a dividend of $0.3325 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.33 annualized dividend and a yield of 1.44%. TJX Companies’s dividend payout ratio (DPR) is 39.00%.

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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.