AlphaCore Capital LLC Purchases New Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• AlphaCore Capital LLC has made a new investment in The TJX Companies, Inc. worth approximately $847,000, acquiring 6,956 shares.
• Institutional investors and hedge funds own 91.09% of TJX's stock, indicating significant institutional interest and confidence in the retailer.
• TJX reported an earnings per share of $0.92 for the last quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 5.1%.

AlphaCore Capital LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,956 shares of the apparel and home fashions retailer's stock, valued at approximately $847,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in TJX Companies by 14,486.1% in the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after purchasing an additional 2,892,151 shares during the period. Capital Research Global Investors raised its holdings in shares of TJX Companies by 689.6% during the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock valued at $313,512,000 after purchasing an additional 2,266,415 shares during the period. Northern Trust Corp boosted its position in shares of TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares in the last quarter. Royal Bank of Canada grew its stake in shares of TJX Companies by 12.9% in the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after buying an additional 1,403,561 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of TJX Companies by 65.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock valued at $399,790,000 after buying an additional 1,302,845 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Activity

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the stock in a transaction 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 of the company's stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Performance

TJX stock traded down $0.34 during midday trading on Friday, hitting $131.64. The company's stock had a trading volume of 4,629,642 shares, compared to its average volume of 4,801,404. The stock has a market cap of $147.06 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 3.07 and a beta of 0.89. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The stock's 50-day moving average price is $125.41 and its 200 day moving average price is $124.80. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. 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 (DPR) is presently 40.00%.

Analyst Ratings Changes

A number of research analysts recently weighed in on TJX shares. Barclays reaffirmed an "overweight" rating and set a $147.00 price target (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Loop Capital set a $150.00 target price on TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. Finally, TD Securities raised their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has an average rating of "Buy" and an average price target of $141.06.

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.