AXS Investments LLC Increases Position in The TJX Companies, Inc. (NYSE:TJX)

AXS Investments LLC boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 15,447 shares of the apparel and home fashions retailer’s stock after acquiring an additional 134 shares during the quarter. AXS Investments LLC’s holdings in TJX Companies were worth $1,310,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TJX. Johnson Investment Counsel Inc. lifted its holdings in TJX Companies by 0.5% in the second quarter. Johnson Investment Counsel Inc. now owns 1,168,837 shares of the apparel and home fashions retailer’s stock valued at $99,106,000 after acquiring an additional 5,801 shares during the period. Gardner Lewis Asset Management L P raised its position in shares of TJX Companies by 1.9% in the second quarter. Gardner Lewis Asset Management L P now owns 62,589 shares of the apparel and home fashions retailer’s stock worth $5,307,000 after acquiring an additional 1,176 shares during the period. Shelton Capital Management boosted its stake in shares of TJX Companies by 6.8% during the 2nd quarter. Shelton Capital Management now owns 198,926 shares of the apparel and home fashions retailer’s stock worth $16,867,000 after acquiring an additional 12,602 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in TJX Companies in the 2nd quarter worth about $1,637,000. Finally, Boston Partners boosted its position in TJX Companies by 0.6% during the second quarter. Boston Partners now owns 53,243 shares of the apparel and home fashions retailer’s stock worth $4,514,000 after purchasing an additional 313 shares in the last quarter. Hedge funds and other institutional investors own 89.28% of the company’s stock.

TJX Companies Stock Up 0.5 %

Shares of TJX traded up $0.47 during midday trading on Friday, hitting $88.84. The company had a trading volume of 9,346,426 shares, compared to its average volume of 5,786,803. The TJX Companies, Inc. has a 1 year low of $72.92 and a 1 year high of $93.78. The firm has a market capitalization of $101.64 billion, a P/E ratio of 25.17, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.56 and a current ratio of 1.19. The company’s 50-day simple moving average is $89.67 and its 200-day simple moving average is $85.68.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 15th. The apparel and home fashions retailer reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. TJX Companies had a net margin of 7.85% and a return on equity of 62.67%. The company had revenue of $13.27 billion during the quarter, compared to the consensus estimate of $13.09 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 3.74 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be paid a $0.3325 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies’s dividend payout ratio is presently 37.68%.

Insiders Place Their Bets

In other news, Chairman Carol Meyrowitz sold 64,817 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total value of $5,906,773.21. Following the transaction, the chairman now owns 135,050 shares in the company, valued at approximately $12,307,106.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Chairman Carol Meyrowitz sold 64,817 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $91.13, for a total value of $5,906,773.21. Following the completion of the transaction, the chairman now owns 135,050 shares in the company, valued at approximately $12,307,106.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kenneth Canestrari sold 4,197 shares of TJX Companies stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $90.00, for a total transaction of $377,730.00. Following the sale, the executive vice president now owns 115,223 shares in the company, valued at $10,370,070. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research analyst reports. Telsey Advisory Group lifted their target price on shares of TJX Companies from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday. Evercore ISI initiated coverage on shares of TJX Companies in a research note on Tuesday, November 7th. They issued an “outperform” rating and a $105.00 target price on the stock. Citigroup lifted their price objective on TJX Companies from $90.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Robert W. Baird lifted their price target on TJX Companies from $90.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Finally, UBS Group upped their price objective on shares of TJX Companies from $90.00 to $91.00 and gave the company a “neutral” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.11.

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.