The TJX Companies, Inc. $TJX Position Boosted by Advisors Capital Management LLC

Advisors Capital Management LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 3.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 540,282 shares of the apparel and home fashions retailer’s stock after buying an additional 16,856 shares during the period. TJX Companies accounts for approximately 1.0% of Advisors Capital Management LLC’s holdings, making the stock its 23rd biggest holding. Advisors Capital Management LLC’s holdings in TJX Companies were worth $78,092,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of TJX Companies in the 2nd quarter valued at approximately $1,808,774,000. Laurel Wealth Advisors LLC boosted its holdings in TJX Companies by 12,417.0% in the second quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock worth $501,033,000 after purchasing an additional 4,024,859 shares during the period. Corient Private Wealth LLC increased its stake in TJX Companies by 120.7% during the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after purchasing an additional 2,743,676 shares during the last quarter. ABN AMRO Bank N.V. bought a new stake in TJX Companies during the second quarter valued at $244,687,000. Finally, Raymond James Financial Inc. raised its holdings in shares of TJX Companies by 26.3% during the second quarter. Raymond James Financial Inc. now owns 5,952,367 shares of the apparel and home fashions retailer’s stock worth $735,058,000 after purchasing an additional 1,238,124 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $148.81, for a total value of $4,464,300.00. Following the completion of the transaction, the chief executive officer owned 535,143 shares in the company, valued at $79,634,629.83. This represents a 5.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $151.40, for a total transaction of $75,700.00. Following the transaction, the director directly owned 22,212 shares in the company, valued at approximately $3,362,896.80. The trade was a 2.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 54,863 shares of company stock worth $8,226,366 over the last three months. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX opened at $156.76 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $154.53 and its 200-day moving average is $146.32. The stock has a market cap of $174.08 billion, a PE ratio of 34.60, a price-to-earnings-growth ratio of 2.95 and a beta of 0.74. The TJX Companies, Inc. has a twelve month low of $112.10 and a twelve month high of $159.48.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The business had revenue of $15.12 billion during the quarter, compared to analyst estimates of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. On average, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) is 37.53%.

Wall Street Analyst Weigh In

Several research firms have recently commented on TJX. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $150.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. TD Cowen reissued a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. UBS Group reissued a “buy” rating and issued a $193.00 price target (up previously from $181.00) on shares of TJX Companies in a report on Thursday, January 8th. Finally, Jefferies Financial Group restated a “buy” rating and set a $170.00 price objective on shares of TJX Companies in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Buy” and a consensus target price of $163.86.

TJX Companies Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.