Bank Pictet & Cie Europe AG Has $3.40 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Bank Pictet & Cie Europe AG raised its position in The TJX Companies, Inc. (NYSE:TJX) by 126.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,874 shares of the apparel and home fashions retailer’s stock after buying an additional 17,235 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in TJX Companies were worth $3,399,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wedge Capital Management L L P NC bought a new stake in TJX Companies during the 4th quarter valued at $233,000. Larson Financial Group LLC increased its stake in TJX Companies by 67.4% in the fourth quarter. Larson Financial Group LLC now owns 651 shares of the apparel and home fashions retailer’s stock valued at $61,000 after acquiring an additional 262 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of TJX Companies by 45.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,832 shares of the apparel and home fashions retailer’s stock valued at $359,000 after purchasing an additional 1,191 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in TJX Companies by 15.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 50,617 shares of the apparel and home fashions retailer’s stock valued at $4,748,000 after buying an additional 6,671 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in TJX Companies by 0.4% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 197,464 shares of the apparel and home fashions retailer’s stock worth $18,524,000 after acquiring an additional 734 shares during the period. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Up 0.4 %

TJX traded up $0.47 on Friday, reaching $119.47. 4,523,886 shares of the company traded hands, compared to its average volume of 5,595,220. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.06. The company has a market cap of $135.02 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 3.14 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $112.08 and a two-hundred day simple moving average of $103.47.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.14 earnings per share for the current 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 dividend yield of 1.26%. TJX Companies’s payout ratio is currently 37.22%.

Analyst Ratings Changes

TJX has been the topic of several analyst reports. Evercore ISI upped their price objective on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Barclays increased their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley upped their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday. Sanford C. Bernstein upped their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, Robert W. Baird boosted their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was 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 SEC, which is available through the SEC website. In other news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the transaction, the executive vice president now owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy B. Lane sold 1,500 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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.