Commonwealth Equity Services LLC Boosts Position in The TJX Companies, Inc. (NYSE:TJX)

Commonwealth Equity Services LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 278,406 shares of the apparel and home fashions retailer’s stock after buying an additional 11,655 shares during the quarter. Commonwealth Equity Services LLC’s holdings in TJX Companies were worth $23,606,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TJX. Moneta Group Investment Advisors LLC raised its position in TJX Companies by 90,089.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,788,543 shares of the apparel and home fashions retailer’s stock worth $1,575,168,000 after buying an additional 19,766,602 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of TJX Companies by 98,557.0% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,735,194 shares of the apparel and home fashions retailer’s stock valued at $1,418,977,000 after purchasing an additional 16,718,231 shares in the last quarter. Morgan Stanley increased its holdings in shares of TJX Companies by 88.1% during the 4th quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock valued at $2,118,935,000 after purchasing an additional 12,468,119 shares in the last quarter. Norges Bank purchased a new position in shares of TJX Companies during the 4th quarter valued at approximately $891,631,000. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of TJX Companies during the 1st quarter valued at approximately $408,331,000. 89.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In related news, EVP Kenneth Canestrari sold 4,197 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total value of $377,730.00. Following the completion of the sale, the executive vice president now owns 115,223 shares of the company’s stock, valued at $10,370,070. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other TJX Companies news, EVP Kenneth Canestrari sold 4,197 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total value of $377,730.00. Following the transaction, the executive vice president now owns 115,223 shares of the company’s stock, valued at $10,370,070. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 35,907 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $89.29, for a total transaction of $3,206,136.03. Following the completion of the transaction, the chief executive officer now directly owns 595,191 shares in the company, valued at approximately $53,144,604.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,921 shares of company stock valued at $9,490,639. 0.13% of the stock is owned by company insiders.

TJX Companies Price Performance

TJX Companies stock opened at $89.54 on Tuesday. The TJX Companies, Inc. has a 52-week low of $72.92 and a 52-week high of $93.78. The firm has a market capitalization of $102.44 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 2.11 and a beta of 0.91. The company has a fifty day simple moving average of $89.63 and a 200-day simple moving average of $85.88. The company has a quick ratio of 0.56, a current ratio of 1.19 and a debt-to-equity ratio of 0.42.

TJX Companies (NYSE:TJX) last released its 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 business had revenue of $13.27 billion during the quarter, compared to analyst estimates of $13.09 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities analysts anticipate 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. Investors of record on Thursday, November 9th will be issued a $0.3325 dividend. This represents a $1.33 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies’s dividend payout ratio is currently 37.68%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TJX shares. 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 report on Thursday, November 16th. Citigroup lifted their target price on shares of TJX Companies from $90.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Bank of America lifted their target price 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. StockNews.com assumed coverage on shares of TJX Companies in a report on Thursday, October 5th. They set a “buy” rating for the company. Finally, UBS Group boosted their price target on shares of TJX Companies from $90.00 to $91.00 and gave the stock a “neutral” rating in a report on Thursday, November 16th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.