Scotia Capital Inc. Has $38.12 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Scotia Capital Inc. has increased its position in The TJX Companies, Inc. by 6.0%, now holding 312,991 shares valued at approximately $38.12 million.
• TJX Companies reported an earnings per share of $0.92 for the quarter, exceeding expectations and showing a 5.1% increase in revenue year-over-year.
• A quarterly dividend of $0.425 per share will be paid on September 4th, representing a 1.4% dividend yield for the company.

Scotia Capital Inc. increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 312,991 shares of the apparel and home fashions retailer's stock after acquiring an additional 17,678 shares during the quarter. Scotia Capital Inc.'s holdings in TJX Companies were worth $38,122,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TJX. Brighton Jones LLC increased its holdings in shares of TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after acquiring an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after acquiring an additional 235 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of TJX Companies by 7.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,471 shares of the apparel and home fashions retailer's stock worth $299,000 after acquiring an additional 161 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of TJX Companies during the 4th quarter worth approximately $44,929,000. Finally, Dempze Nancy E increased its holdings in shares of TJX Companies by 4.3% during the 4th quarter. Dempze Nancy E now owns 36,245 shares of the apparel and home fashions retailer's stock worth $4,379,000 after acquiring an additional 1,490 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

NYSE:TJX opened at $125.89 on Friday. The stock has a fifty day moving average price of $125.01 and a 200-day moving average price of $124.49. The company has a market cap of $140.63 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.94 and a beta of 0.89. 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 fifty-two week low of $107.71 and a fifty-two week high of $135.85.

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 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the prior year, the company earned $0.93 EPS. TJX Companies's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities 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 disclosed 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 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

Insider Buying and Selling at TJX Companies

In related 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 transaction of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Daiwa America raised TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Daiwa Capital Markets started coverage on TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target for the company. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Barclays restated an "overweight" rating and issued a $147.00 price target (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price target on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price 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.

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