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Accuvest Global Advisors Acquires Shares of 31,256 The TJX Companies, Inc. (NYSE:TJX)

TJX Companies logo with Retail/Wholesale background

Key Points

  • Accuvest Global Advisors has acquired 31,256 shares of TJX Companies valued at approximately $3.8 million, making it the 8th largest position in its portfolio.
  • 91.09% of TJX Companies' stock is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.
  • TJX recently declared a quarterly dividend of $0.425, which equates to an annualized dividend yield of 1.3%.
  • Looking to Export and Analyze TJX Companies Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Accuvest Global Advisors acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,256 shares of the apparel and home fashions retailer's stock, valued at approximately $3,807,000. TJX Companies accounts for 3.2% of Accuvest Global Advisors' portfolio, making the stock its 8th largest position.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after buying an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after buying an additional 235 shares during the last quarter. FIL Ltd grew its holdings in TJX Companies by 12.6% in the 4th quarter. FIL Ltd now owns 147,680 shares of the apparel and home fashions retailer's stock valued at $17,841,000 after buying an additional 16,492 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of TJX Companies by 0.8% during the 4th quarter. Bank of Nova Scotia now owns 334,766 shares of the apparel and home fashions retailer's stock valued at $40,443,000 after acquiring an additional 2,651 shares during the last quarter. Finally, Greenland Capital Management LP grew its holdings in shares of TJX Companies by 45.1% in the fourth quarter. Greenland Capital Management LP now owns 2,500 shares of the apparel and home fashions retailer's stock valued at $302,000 after purchasing an additional 777 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $132.10 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The firm has a market capitalization of $147.57 billion, a P/E ratio of 31.08, a P/E/G ratio of 3.00 and a beta of 0.89. The company's fifty day moving average price is $125.22 and its 200 day moving average price is $124.64.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.3%. TJX Companies's dividend payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TJX shares. Daiwa Capital Markets started coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. TD Securities lifted their price objective on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Cowen restated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $141.06.

View Our Latest Research Report on TJX Companies

About TJX Companies

(Free Report)

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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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