MV Capital Management Inc. Acquires 5,689 Shares of The TJX Companies, Inc. (NYSE:TJX)

MV Capital Management Inc. raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 23.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,734 shares of the apparel and home fashions retailer’s stock after buying an additional 5,689 shares during the quarter. MV Capital Management Inc.’s holdings in TJX Companies were worth $3,016,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Running Oak Capital LLC boosted its position in shares of TJX Companies by 10.9% during the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after purchasing an additional 11,036 shares in the last quarter. New Mexico Educational Retirement Board boosted its position in shares of TJX Companies by 15.9% during the first quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock valued at $7,037,000 after purchasing an additional 9,500 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in TJX Companies by 3.7% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock valued at $56,613,000 after buying an additional 21,767 shares during the last quarter. Savoir Faire Capital Management L.P. purchased a new position in TJX Companies during the third quarter valued at $3,197,000. Finally, Gateway Investment Advisers LLC raised its stake in TJX Companies by 42.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock valued at $1,793,000 after buying an additional 5,737 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of TJX traded down $0.38 during trading hours on Tuesday, hitting $110.20. The stock had a trading volume of 4,747,265 shares, compared to its average volume of 5,559,481. The stock has a fifty day moving average price of $102.81 and a 200 day moving average price of $98.44. The TJX Companies, Inc. has a 12 month low of $82.25 and a 12 month high of $111.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The firm has a market capitalization of $124.54 billion, a PE ratio of 27.38, a PEG ratio of 2.94 and a beta of 0.88.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. TJX Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts anticipate that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio is presently 37.22%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TJX. Sanford C. Bernstein lifted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. TD Cowen lifted their price objective on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research note on Tuesday, May 21st. Barclays boosted their price target on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Finally, UBS Group boosted their price target on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $110.39.

Insider Transactions at TJX Companies

In other news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the sale, the chief executive officer now owns 571,148 shares in the company, valued at $58,354,191.16. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock valued at $5,060,941 over the last 90 days. Company insiders own 0.13% of the company’s stock.

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