The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 36.6% in the second quarter, Holdings Channel reports. The institutional investor owned 12,901 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,458 shares during the quarter. GAMMA Investing LLC’s holdings in TJX Companies were worth $1,420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Manhattan West Asset Management LLC grew its stake in shares of TJX Companies by 0.4% in the first quarter. Manhattan West Asset Management LLC now owns 24,670 shares of the apparel and home fashions retailer’s stock worth $2,502,000 after acquiring an additional 103 shares in the last quarter. Bedel Financial Consulting Inc. grew its stake in shares of TJX Companies by 3.4% in the fourth quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer’s stock worth $299,000 after acquiring an additional 104 shares in the last quarter. TRUE Private Wealth Advisors grew its stake in shares of TJX Companies by 3.7% in the first quarter. TRUE Private Wealth Advisors now owns 2,932 shares of the apparel and home fashions retailer’s stock worth $297,000 after acquiring an additional 104 shares in the last quarter. Tandem Investment Advisors Inc. grew its stake in shares of TJX Companies by 1.8% in the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock worth $548,000 after acquiring an additional 106 shares in the last quarter. Finally, TCI Wealth Advisors Inc. lifted its position in shares of TJX Companies by 2.6% during the 1st quarter. TCI Wealth Advisors Inc. now owns 4,214 shares of the apparel and home fashions retailer’s stock worth $427,000 after purchasing an additional 106 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock traded down $0.52 on Friday, reaching $113.14. 3,369,928 shares of the stock were exchanged, compared to its average volume of 4,355,231. The TJX Companies, Inc. has a 1-year low of $85.27 and a 1-year high of $115.35. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average price of $110.03 and a two-hundred day moving average price of $101.79. The firm has a market capitalization of $127.87 billion, a PE ratio of 28.07, a PEG ratio of 3.02 and a beta of 0.88.

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

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.33%. TJX Companies’s payout ratio is currently 37.22%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TJX. Barclays lifted their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. TD Cowen boosted their price target on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Sanford C. Bernstein boosted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Telsey Advisory Group boosted their price target on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $112.67.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the sale, the director now owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the transaction, the chief executive officer now directly owns 571,148 shares in the company, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock valued at $5,060,941 over the last quarter. Corporate 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.