Csenge Advisory Group Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Csenge Advisory Group lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,853 shares of the apparel and home fashions retailer’s stock after acquiring an additional 241 shares during the quarter. Csenge Advisory Group’s holdings in TJX Companies were worth $1,415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Running Oak Capital LLC boosted its stake in shares of TJX Companies by 10.9% during the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after purchasing an additional 11,036 shares in the last quarter. New Mexico Educational Retirement Board boosted its position in TJX Companies by 15.9% during the first quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock valued at $7,037,000 after purchasing an additional 9,500 shares in the last quarter. Options Solutions LLC purchased a new position in TJX Companies in the fourth quarter valued at about $726,000. Advisors Capital Management LLC raised its holdings in TJX Companies by 3.7% in the first quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after purchasing an additional 20,629 shares in the last quarter. Finally, Ethos Financial Group LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $269,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE TJX traded up $1.99 on Thursday, hitting $109.92. The company had a trading volume of 5,096,802 shares, compared to its average volume of 5,375,300. 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 company’s fifty day moving average price is $110.46 and its 200-day moving average price is $102.03. The company has a market capitalization of $124.23 billion, a PE ratio of 27.28, a PEG ratio of 2.93 and a beta of 0.88. The TJX Companies, Inc. has a 12-month low of $85.44 and a 12-month high of $115.35.

TJX Companies (NYSE:TJX) last issued 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 firm had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 earnings per share. As a group, analysts predict that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

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

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the transaction, the director now owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction on 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 sale, 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 sold a total of 50,003 shares of company stock valued at $5,060,941 over the last quarter. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on TJX. TD Cowen increased their target price on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Loop Capital raised their price objective on TJX Companies from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Morgan Stanley upped their target price on TJX Companies from $113.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Sanford C. Bernstein raised their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Finally, Evercore ISI set a $113.00 price objective on shares of TJX Companies in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus 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.