MV Capital Management Inc. Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

MV Capital Management Inc. lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 23.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,734 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,689 shares during the period. MV Capital Management Inc.’s holdings in TJX Companies were worth $3,016,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bedel Financial Consulting Inc. lifted its stake in shares of TJX Companies by 3.4% during the fourth quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer’s stock valued at $299,000 after buying an additional 104 shares during the period. Tandem Investment Advisors Inc. lifted its stake in shares of TJX Companies by 1.8% during the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock valued at $548,000 after buying an additional 106 shares during the period. Alhambra Investment Management LLC lifted its stake in shares of TJX Companies by 2.0% during the fourth quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock valued at $510,000 after buying an additional 108 shares during the period. J.Safra Asset Management Corp lifted its stake in shares of TJX Companies by 9.9% during the fourth quarter. J.Safra Asset Management Corp now owns 1,196 shares of the apparel and home fashions retailer’s stock valued at $112,000 after buying an additional 108 shares during the period. Finally, BSW Wealth Partners lifted its stake in shares of TJX Companies by 2.0% during the fourth quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer’s stock valued at $528,000 after buying an additional 109 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Down 0.3 %

TJX traded down $0.38 during trading hours on Tuesday, reaching $110.20. 4,747,265 shares of the stock traded hands, compared to its average volume of 5,559,481. The firm’s fifty day simple moving average is $102.81 and its two-hundred day simple moving average is $98.44. The company has a market cap of $124.54 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 2.94 and a beta of 0.88. The TJX Companies, Inc. has a fifty-two week low of $82.25 and a fifty-two week 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.

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 for the quarter, beating 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 during the quarter, compared to analyst estimates of $12.48 billion. During the same period last year, the business earned $0.76 EPS. The business’s revenue was up 5.9% on a year-over-year basis. As a group, analysts forecast that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.36%. TJX Companies’s payout ratio is currently 37.22%.

Insider Transactions at TJX Companies

In related news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the transaction, the executive vice president now owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,003 shares of company stock worth $5,060,941. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a research note on Tuesday, May 21st. Telsey Advisory Group upped their price target on shares of TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Evercore ISI set a $113.00 price target on shares of TJX Companies in a research report on Tuesday, May 21st. Robert W. Baird upped their price target on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, Barclays upped their price target 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. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $110.39.

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.