GAMMA Investing LLC Purchases 3,458 Shares of The TJX Companies, Inc. (NYSE:TJX)

GAMMA Investing LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 36.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. 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 period. GAMMA Investing LLC’s holdings in TJX Companies were worth $1,420,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Valued Wealth Advisors LLC grew its stake in shares of TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares during the last quarter. First Pacific Financial purchased a new stake in shares of TJX Companies in the 1st quarter worth approximately $29,000. Frazier Financial Advisors LLC purchased a new stake in shares of TJX Companies in the 4th quarter worth approximately $27,000. OFI Invest Asset Management purchased a new stake in shares of TJX Companies in the 1st quarter worth approximately $30,000. Finally, AlphaMark Advisors LLC grew its stake in shares of TJX Companies by 58.4% in the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after buying an additional 122 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX traded down $0.52 on Friday, hitting $113.14. 3,369,928 shares of the company traded hands, compared to its average volume of 4,355,231. The company has a market capitalization of $127.87 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 3.02 and a beta of 0.88. 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’s 50 day moving average price is $110.03 and its 200-day moving average price is $101.79. The TJX Companies, Inc. has a 52-week low of $85.27 and a 52-week high of $115.35.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. The company had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. TJX Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. Equities analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The firm 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 $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.33%. TJX Companies’s payout ratio is 37.22%.

Analyst Upgrades and Downgrades

Several analysts have commented on TJX shares. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a research note on Tuesday, May 21st. Sanford C. Bernstein increased their target price on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Evercore ISI set a $113.00 target price on TJX Companies in a research note on Tuesday, May 21st. Loop Capital increased their target price on TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Finally, Barclays increased their target price on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $112.67.

Insider Activity

In other news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the transaction, the chief executive officer now directly owns 571,148 shares in the company, valued at $58,354,191.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Kenneth Canestrari sold 20,332 shares of the business’s 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 transaction, the executive vice president now directly owns 110,893 shares in the company, valued at $11,089,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was 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 owns 571,148 shares in the company, valued at $58,354,191.16. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock worth $5,060,941 over the last ninety days. 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.