McAdam LLC Increases Position in The TJX Companies, Inc. (NYSE:TJX)

McAdam LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.6% in the second quarter, HoldingsChannel reports. The firm owned 6,916 shares of the apparel and home fashions retailer’s stock after purchasing an additional 106 shares during the period. McAdam LLC’s holdings in TJX Companies were worth $761,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valued Wealth Advisors LLC boosted its stake in shares of TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares during the last quarter. Richard W. Paul & Associates LLC bought a new position in TJX Companies during the 2nd quarter valued at $25,000. Frazier Financial Advisors LLC acquired a new position in TJX Companies during the 4th quarter worth $27,000. First Pacific Financial bought a new stake in shares of TJX Companies in the 1st quarter worth about $29,000. Finally, OFI Invest Asset Management acquired a new stake in shares of TJX Companies in the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. TD Cowen lifted their price target on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday. BMO Capital Markets boosted their price target on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday. Telsey Advisory Group restated an “outperform” rating and set a $128.00 price objective on shares of TJX Companies in a research note on Wednesday. Jefferies Financial Group increased their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Sanford C. Bernstein boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $126.76.

Insider Activity at TJX Companies

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

TJX Companies Trading Up 0.4 %

NYSE:TJX opened at $119.47 on Friday. The stock has a market cap of $135.02 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 3.14 and a beta of 0.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 1.21. The TJX Companies, Inc. has a 1 year low of $86.71 and a 1 year high of $121.06. The business has a fifty day moving average of $112.08 and a 200-day moving average of $103.47.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. Equities analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

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.