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Lecap Asset Management Ltd. Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

TJX Companies logo with Retail/Wholesale background

Lecap Asset Management Ltd. purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 5,796 shares of the apparel and home fashions retailer's stock, valued at approximately $706,000.

Other large investors have also recently bought and sold shares of the company. Global Assets Advisory LLC acquired a new stake in shares of TJX Companies in the 1st quarter valued at about $488,000. Archford Capital Strategies LLC acquired a new position in TJX Companies during the 1st quarter valued at about $4,071,000. Strategic Investment Advisors MI boosted its stake in TJX Companies by 3.2% during the 1st quarter. Strategic Investment Advisors MI now owns 10,085 shares of the apparel and home fashions retailer's stock valued at $1,228,000 after purchasing an additional 311 shares during the last quarter. Cornerstone Wealth Group LLC boosted its stake in TJX Companies by 2.4% during the 1st quarter. Cornerstone Wealth Group LLC now owns 5,434 shares of the apparel and home fashions retailer's stock valued at $662,000 after purchasing an additional 125 shares during the last quarter. Finally, Invesco LLC boosted its stake in TJX Companies by 48.6% during the 1st quarter. Invesco LLC now owns 8,820 shares of the apparel and home fashions retailer's stock valued at $1,074,000 after purchasing an additional 2,886 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX stock traded up $1.13 during midday trading on Friday, reaching $123.27. 9,776,498 shares of the company's stock traded hands, compared to its average volume of 5,189,737. The company has a 50-day moving average price of $127.21 and a two-hundred day moving average price of $123.98. The firm has a market capitalization of $137.70 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 2.92 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week 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 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion during 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 business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 EPS. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.38%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Robert W. Baird lifted their price target on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Loop Capital set a $150.00 price target on TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $141.53.

View Our Latest Research Report on TJX Companies

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

TJX Companies Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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