CCLA Investment Management Makes New $90.20 Million Investment in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• CCLA Investment Management has made a new investment of approximately $90.20 million in The TJX Companies by acquiring 740,889 shares, marking a 0.07% ownership stake.
• Several analysts have raised their price targets for TJX Companies, with Barclays setting a new target of $147.00 and JPMorgan Chase increasing theirs to $145.00, indicating strong buy sentiments.
• The TJX Companies reported earnings of $0.92 per share for the last quarter, exceeding analyst expectations and marking a 5.1% revenue increase year-over-year.

CCLA Investment Management purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 740,889 shares of the apparel and home fashions retailer's stock, valued at approximately $90,203,000. CCLA Investment Management owned approximately 0.07% of TJX Companies at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Clear Creek Financial Management LLC boosted its holdings in TJX Companies by 1.8% during the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after purchasing an additional 83 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in TJX Companies by 2.2% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after buying an additional 86 shares during the last quarter. Amplius Wealth Advisors LLC lifted its position in TJX Companies by 4.2% during the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock worth $283,000 after buying an additional 93 shares in the last quarter. Aaron Wealth Advisors LLC boosted its stake in shares of TJX Companies by 0.7% during the 1st quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock worth $1,724,000 after buying an additional 96 shares during the last quarter. Finally, Horizon Wealth Management LLC grew its holdings in shares of TJX Companies by 2.0% in the 1st quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer's stock valued at $602,000 after acquiring an additional 99 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays reiterated an "overweight" rating and set a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. JPMorgan Chase & Co. increased their price objective on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $141.06.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $125.89 on Friday. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The company's 50 day moving average price is $125.01 and its two-hundred day moving average price is $124.49. The firm has a market cap of $140.63 billion, a PE ratio of 29.62, a PEG ratio of 2.94 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.

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 (EPS) for the quarter, beating 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 firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business 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 $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.4%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the company'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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.13% of the company's stock.

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.

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