Sheaff Brock Investment Advisors LLC Has $1.96 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Sheaff Brock Investment Advisors LLC increased its stake in TJX Companies by 29.1% during the first quarter, bringing its holdings to 16,128 shares valued at approximately $1.96 million.
• TJX Companies reported an earnings per share (EPS) of $0.92 for the last quarter, exceeding analysts' expectations of $0.90, and generated revenue of $13.11 billion, also above the forecast.
• The company announced a quarterly dividend of $0.425, reflecting an annualized dividend yield of 1.35%, with the payment scheduled for September 4th.

Sheaff Brock Investment Advisors LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 29.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,128 shares of the apparel and home fashions retailer's stock after acquiring an additional 3,637 shares during the period. Sheaff Brock Investment Advisors LLC's holdings in TJX Companies were worth $1,964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TJX. GAMMA Investing LLC boosted its position in TJX Companies by 14,486.1% during the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after buying an additional 2,892,151 shares during the period. Capital Research Global Investors raised its holdings in TJX Companies by 689.6% in the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after purchasing an additional 2,266,415 shares in the last quarter. Northern Trust Corp raised its holdings in TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares in the last quarter. Royal Bank of Canada raised its holdings in TJX Companies by 12.9% in the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after purchasing an additional 1,403,561 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in TJX Companies by 65.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock worth $399,790,000 after purchasing an additional 1,302,845 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $126.29 on Monday. The firm's 50-day moving average price is $125.58 and its 200-day moving average price is $124.31. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The company has a market cap of $141.07 billion, a PE ratio of 29.71, a PEG ratio of 2.95 and a beta of 0.88. 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 announced 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 analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. As a group, analysts anticipate 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. Investors of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

Wall Street Analyst Weigh In

Several brokerages have commented on TJX. Daiwa Capital Markets began coverage on shares of TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective for the company. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. One 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's stock. Based on data from MarketBeat, TJX Companies has an average rating of "Buy" and a consensus price target of $141.06.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.

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