Banque Cantonale Vaudoise Makes New $1.70 Million Investment in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Banque Cantonale Vaudoise purchased a new $1.70 million position in The TJX Companies, acquiring 13,972 shares during the 1st quarter.
• Several research firms have boosted price targets for TJX, with UBS Group now having a target of $164.00 and Robert W. Baird increasing it to $143.00.
• TJX Companies reported a quarterly EPS of $0.92, exceeding analysts' expectations, alongside a 5.1% year-over-year revenue growth of $13.11 billion.

Banque Cantonale Vaudoise purchased a new stake 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 and Exchange Commission. The fund purchased 13,972 shares of the apparel and home fashions retailer's stock, valued at approximately $1,702,000.

A number of other large investors have also made changes to their positions in TJX. TCTC Holdings LLC grew its stake in shares of TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after acquiring an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC grew its stake in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 110 shares during the period. Iron Horse Wealth Management LLC grew its stake in shares of TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 149 shares during the period. Inlight Wealth Management LLC bought a new position in shares of TJX Companies during the 1st quarter valued at approximately $37,000. Finally, Rialto Wealth Management LLC grew its stake in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after acquiring an additional 179 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

TJX Companies Trading Up 1.1%

NYSE:TJX traded up $1.36 during midday trading on Friday, hitting $125.89. 4,855,347 shares of the company traded hands, compared to its average volume of 4,410,306. The firm's fifty day moving average is $125.01 and its 200-day moving average is $124.45. 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 $140.63 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.90 and a beta of 0.88. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS 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 the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is 40.00%.

Analyst Ratings Changes

A number of research firms recently commented on TJX. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. UBS Group reissued a "buy" rating and issued a $164.00 price target (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Daiwa Capital Markets started coverage on TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target on the stock. TD Securities upped their price objective on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, TJX Companies has a consensus rating of "Buy" and an average target price 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.