The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,293 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,073 shares during the period. Private Advisor Group LLC’s holdings in TJX Companies were worth $6,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Nwam LLC raised its position in shares of TJX Companies by 19.6% during the 2nd quarter. Nwam LLC now owns 4,856 shares of the apparel and home fashions retailer’s stock worth $412,000 after purchasing an additional 796 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in TJX Companies by 4.5% in the 2nd quarter. Checchi Capital Advisers LLC now owns 12,909 shares of the apparel and home fashions retailer’s stock valued at $1,095,000 after acquiring an additional 552 shares during the last quarter. Cetera Advisors LLC raised its holdings in TJX Companies by 1.8% in the 2nd quarter. Cetera Advisors LLC now owns 60,846 shares of the apparel and home fashions retailer’s stock valued at $5,159,000 after acquiring an additional 1,079 shares during the last quarter. Penobscot Investment Management Company Inc. raised its holdings in TJX Companies by 7.6% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 54,230 shares of the apparel and home fashions retailer’s stock valued at $4,598,000 after acquiring an additional 3,828 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its holdings in TJX Companies by 1.5% in the 2nd quarter. Cetera Advisor Networks LLC now owns 89,265 shares of the apparel and home fashions retailer’s stock valued at $7,569,000 after acquiring an additional 1,291 shares during the last quarter. Institutional investors and hedge funds own 89.28% of the company’s stock.

Insider Activity

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

TJX Companies Stock Performance

Shares of TJX stock opened at $88.85 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.19 and a debt-to-equity ratio of 0.42. The TJX Companies, Inc. has a 52 week low of $72.92 and a 52 week high of $93.78. The stock has a market capitalization of $101.65 billion, a PE ratio of 25.17, a P/E/G ratio of 2.11 and a beta of 0.91. The firm has a 50 day moving average of $89.67 and a two-hundred day moving average of $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 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $13.09 billion. During the same quarter last year, the company posted $0.86 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, research analysts predict that The TJX Companies, Inc. will post 3.74 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have commented on TJX. StockNews.com began coverage on shares of TJX Companies in a report on Thursday, October 5th. They issued a “buy” rating for the company. Telsey Advisory Group increased their price objective on shares of TJX Companies from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday. Bank of America increased their price objective on shares of TJX Companies from $94.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Citigroup increased their price target on shares of TJX Companies from $90.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. Finally, BMO Capital Markets increased their price target on shares of TJX Companies from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $98.11.

TJX Companies Company 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, and gourmet food departments; jewelry and accessories; and other merchandise.