Avantax Advisory Services Inc. Has $11.39 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Avantax Advisory Services Inc. increased its share in The TJX Companies by 10.1% in the first quarter, owning 93,516 shares valued at approximately $11.39 million.
• TJX Companies reported a quarterly revenue of $13.11 billion, exceeding analysts' expectations and showing a 5.1% increase from the previous year, with earnings per share of $0.92.
• The company announced a quarterly dividend of $0.425 per share, which equates to an annual yield of 1.35% and a payout ratio of 40%.

Avantax Advisory Services Inc. grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 93,516 shares of the apparel and home fashions retailer's stock after buying an additional 8,591 shares during the quarter. Avantax Advisory Services Inc.'s holdings in TJX Companies were worth $11,390,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TJX. Geode Capital Management LLC raised its stake in TJX Companies by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock worth $2,930,965,000 after acquiring an additional 464,995 shares during the last quarter. Capital International Investors raised its position in shares of TJX Companies by 4.5% during the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock valued at $1,769,600,000 after buying an additional 626,739 shares during the period. Northern Trust Corp raised 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 valued at $1,689,628,000 after buying an additional 1,845,225 shares during the period. Royal Bank of Canada raised its position in TJX Companies by 12.9% in the fourth 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 purchasing an additional 1,403,561 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in TJX Companies by 10.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,187,824 shares of the apparel and home fashions retailer's stock valued at $1,230,791,000 after purchasing an additional 1,005,260 shares during the period. Institutional investors own 91.09% of the company's stock.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

NYSE TJX traded up $0.03 on Friday, hitting $126.29. 5,143,166 shares of the stock were exchanged, compared to its average volume of 4,623,807. 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 business's fifty day moving average is $125.58 and its 200 day moving average is $124.30. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The company has a market capitalization of $141.07 billion, a PE ratio of 29.71, a P/E/G ratio of 2.95 and a beta of 0.88.

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

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is 40.00%.

Analysts Set New Price Targets

TJX has been the topic of a number of research analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research report on Wednesday, May 21st. Daiwa America raised TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Robert W. Baird boosted their price target on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $141.06.

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.