Apella Capital LLC Has $514,000 Holdings in The TJX Companies, Inc. (NYSE:TJX)

Apella Capital LLC decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,586 shares of the apparel and home fashions retailer’s stock after selling 154 shares during the period. Apella Capital LLC’s holdings in TJX Companies were worth $514,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Manhattan West Asset Management LLC grew its position in TJX Companies by 0.4% during the first quarter. Manhattan West Asset Management LLC now owns 24,670 shares of the apparel and home fashions retailer’s stock worth $2,502,000 after buying an additional 103 shares in the last quarter. Bedel Financial Consulting Inc. lifted its stake in shares of TJX Companies by 3.4% in the 4th quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer’s stock valued at $299,000 after purchasing an additional 104 shares during the period. TRUE Private Wealth Advisors lifted its stake in shares of TJX Companies by 3.7% in the 1st quarter. TRUE Private Wealth Advisors now owns 2,932 shares of the apparel and home fashions retailer’s stock valued at $297,000 after purchasing an additional 104 shares during the period. Tandem Investment Advisors Inc. increased its position in TJX Companies by 1.8% during the 4th 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 in the last quarter. Finally, TCI Wealth Advisors Inc. increased its position in TJX Companies by 2.6% during the 1st quarter. TCI Wealth Advisors Inc. now owns 4,214 shares of the apparel and home fashions retailer’s stock valued at $427,000 after buying an additional 106 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly 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 accessible through the SEC website. In other TJX Companies 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 transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 110,893 shares in the company, valued at approximately $11,089,300. 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 90 days. 0.13% of the stock is owned by company insiders.

TJX Companies Price Performance

Shares of NYSE TJX traded down $1.45 on Wednesday, hitting $107.96. The company’s stock had a trading volume of 4,856,245 shares, compared to its average volume of 5,376,947. The TJX Companies, Inc. has a 12-month low of $85.35 and a 12-month high of $115.35. The company has a market capitalization of $122.01 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 3.02 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The stock has a 50 day moving average of $110.33 and a 200-day moving average of $101.99.

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, research analysts predict that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued 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 1.39%. TJX Companies’s payout ratio is currently 37.22%.

Wall Street Analyst Weigh In

TJX has been the subject of several research analyst reports. Telsey Advisory Group lifted their price objective on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Morgan Stanley boosted their price objective on TJX Companies from $113.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. BMO Capital Markets upped their target price 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, Barclays boosted their price target on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average 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.