SKY Mountain Capital Management Inc. Purchases New Position in The TJX Companies, Inc. (NYSE:TJX)

SKY Mountain Capital Management Inc. bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,002 shares of the apparel and home fashions retailer's stock, valued at approximately $609,000. TJX Companies makes up approximately 0.5% of SKY Mountain Capital Management Inc.'s portfolio, making the stock its 22nd largest position.

Several other institutional investors also recently modified their holdings of TJX. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth $30,000. Atlantic Edge Private Wealth Management LLC boosted its stake in TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 110 shares during the period. Iron Horse Wealth Management LLC boosted its stake in TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 149 shares during the period. Inlight Wealth Management LLC bought a new stake in TJX Companies during the first quarter valued at $37,000. Finally, Rialto Wealth Management LLC boosted its stake in TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after buying an additional 179 shares during the period. 91.09% of the stock is owned by institutional investors.

Insider Activity

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 owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Loop Capital set a $150.00 price target on TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. TD Securities lifted their price objective on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Daiwa Capital Markets initiated coverage on TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, TJX Companies presently has a consensus rating of "Buy" and a consensus target price of $141.06.

TJX Companies Stock Up 0.7%

NYSE TJX traded up $0.81 during mid-day trading on Thursday, reaching $122.16. The stock had a trading volume of 3,825,076 shares, compared to its average volume of 5,206,939. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The stock has a market cap of $136.46 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 2.84 and a beta of 0.88. The company has a fifty day moving average price of $126.43 and a 200 day moving average price of $124.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51.

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 analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same period in the previous year, the business earned $0.93 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

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.