Summit Global Investments Raises Stake in The TJX Companies, Inc. (NYSE:TJX)

Summit Global Investments raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 62.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,253 shares of the apparel and home fashions retailer’s stock after purchasing an additional 8,520 shares during the quarter. Summit Global Investments’ holdings in TJX Companies were worth $2,450,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC raised its stake in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 177 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in TJX Companies during the fourth quarter valued at $27,000. First Pacific Financial bought a new position in TJX Companies during the first quarter valued at $29,000. OFI Invest Asset Management bought a new position in TJX Companies during the first quarter valued at $30,000. Finally, AlphaMark Advisors LLC increased its position in TJX Companies by 58.4% during the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after acquiring an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. TD Cowen upped their price objective on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Barclays upped their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Evercore ISI upped their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $116.71.

TJX Companies Trading Up 0.7 %

Shares of NYSE TJX traded up $0.82 during trading on Tuesday, hitting $113.31. 6,581,405 shares of the company were exchanged, compared to its average volume of 5,404,000. The TJX Companies, Inc. has a 12-month low of $86.71 and a 12-month high of $115.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The company has a fifty day moving average price of $111.38 and a 200-day moving average price of $103.04. The firm has a market capitalization of $128.06 billion, a PE ratio of 28.12, a P/E/G ratio of 2.95 and a beta of 0.88.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. The business had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.12 EPS for the current year.

TJX Companies Announces Dividend

The company 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 $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio is currently 37.22%.

Insider Buying and Selling at TJX Companies

In related news, 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Amy B. Lane sold 1,500 shares of the business’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 completion of the sale, the director now owns 23,470 shares in the company, valued at approximately $2,395,582.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $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 in the last three months. 0.13% of the stock is owned by corporate insiders.

About TJX Companies

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.