Hexagon Capital Partners LLC Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Hexagon Capital Partners LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 10.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,396 shares of the apparel and home fashions retailer’s stock after acquiring an additional 134 shares during the period. Hexagon Capital Partners LLC’s holdings in TJX Companies were worth $154,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Strategic Blueprint LLC increased its position in TJX Companies by 16.8% in the fourth quarter. Strategic Blueprint LLC now owns 7,931 shares of the apparel and home fashions retailer’s stock worth $744,000 after buying an additional 1,140 shares during the last quarter. RFG Advisory LLC increased its holdings in TJX Companies by 9.1% in the 4th quarter. RFG Advisory LLC now owns 6,440 shares of the apparel and home fashions retailer’s stock worth $604,000 after acquiring an additional 538 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in TJX Companies by 36.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 362,979 shares of the apparel and home fashions retailer’s stock valued at $34,051,000 after acquiring an additional 96,850 shares during the period. Impax Asset Management Group plc lifted its holdings in TJX Companies by 4.0% during the fourth quarter. Impax Asset Management Group plc now owns 25,309 shares of the apparel and home fashions retailer’s stock valued at $2,374,000 after purchasing an additional 976 shares during the last quarter. Finally, Cedrus LLC boosted its position in TJX Companies by 9.9% during the fourth quarter. Cedrus LLC now owns 3,483 shares of the apparel and home fashions retailer’s stock worth $327,000 after purchasing an additional 315 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

TJX stock traded up $0.78 during midday trading on Friday, reaching $110.70. The company had a trading volume of 7,202,166 shares, compared to its average volume of 5,379,752. The firm has a 50-day moving average price of $110.74 and a 200-day moving average price of $102.25. The company has a market capitalization of $125.11 billion, a P/E ratio of 27.47, a P/E/G ratio of 2.93 and a beta of 0.88. The TJX Companies, Inc. has a 1 year low of $85.44 and a 1 year high of $115.35. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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. The company had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the business’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 value of $2,043,400.00. Following the completion of the sale, the chief executive officer now directly owns 571,148 shares in the company, valued at approximately $58,354,191.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 571,148 shares in the company, valued at $58,354,191.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies 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 in the company, valued at approximately $11,089,300. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,003 shares of company stock valued at $5,060,941. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Robert W. Baird boosted their price target on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a research report on Tuesday, May 21st. Evercore ISI set a $113.00 price target on TJX Companies in a research report on Tuesday, May 21st. BMO Capital Markets boosted their price objective on TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Finally, UBS Group lifted their target price on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Two 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $112.67.

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.