Mackenzie Financial Corp Buys 35,742 Shares of The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Mackenzie Financial Corp increased its stake in The TJX Companies by 1.9%, holding approximately $235.49 million worth of shares at the end of the latest quarter.
• In the 1st quarter, multiple institutional investors significantly increased their positions in TJX, indicating strong interest with 91.09% of the stock now owned by such investors and hedge funds.
• The TJX Companies reported earnings of $0.92 per share for the last quarter, beating expectations, and also announced a quarterly dividend of $0.425 per share.

Mackenzie Financial Corp boosted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,933,415 shares of the apparel and home fashions retailer's stock after purchasing an additional 35,742 shares during the quarter. Mackenzie Financial Corp owned about 0.17% of TJX Companies worth $235,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on TJX shares. UBS Group reissued a "buy" rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Daiwa America raised TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Barclays reiterated an "overweight" rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, Daiwa Capital Markets began coverage on TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price for the company. One investment analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $141.06.

TJX Companies Stock Performance

TJX stock traded up $1.06 on Tuesday, hitting $126.45. The company's stock had a trading volume of 5,543,283 shares, compared to its average volume of 5,350,887. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The stock has a market cap of $141.26 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88. The firm has a 50 day moving average of $125.39 and a two-hundred day moving average of $124.35. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results 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. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the previous year, the company posted $0.93 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued 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 1.34%. TJX Companies's dividend payout ratio (DPR) is 40.00%.

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated 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 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company's stock.

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.