Archford Capital Strategies LLC Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Archford Capital Strategies 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 filing with the SEC. The institutional investor bought 33,423 shares of the apparel and home fashions retailer's stock, valued at approximately $4,071,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of TJX Companies in the 4th quarter valued at about $1,670,565,000. Raymond James Financial Inc. bought a new position in shares of TJX Companies in the 4th quarter valued at about $570,342,000. GAMMA Investing LLC grew its holdings in shares of TJX Companies by 14,486.1% in the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after acquiring an additional 2,892,151 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of TJX Companies by 689.6% in the 4th 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 acquiring an additional 2,266,415 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after acquiring an additional 1,845,225 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 0.1%

Shares of TJX stock opened at $124.70 on Wednesday. The firm has a 50 day moving average price of $127.47 and a two-hundred day moving average price of $124.08. 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 company has a market capitalization of $139.30 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.95 and a beta of 0.90. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The firm's quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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 of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.36%. TJX Companies's payout ratio is 40.00%.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TJX shares. Robert W. Baird raised their price objective on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. JPMorgan Chase & Co. raised their target price 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. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $141.53.

TJX Companies 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.

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