Running Oak Capital LLC Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Running Oak Capital LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,454 shares of the apparel and home fashions retailer's stock after purchasing an additional 10,800 shares during the quarter. TJX Companies comprises about 1.9% of Running Oak Capital LLC's portfolio, making the stock its 14th biggest position. Running Oak Capital LLC's holdings in TJX Companies were worth $16,011,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. Millstone Evans Group LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. Promus Capital LLC acquired a new position in shares of TJX Companies during the 4th quarter valued at $32,000. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies during the 1st quarter valued at $37,000. Tacita Capital Inc bought a new stake in TJX Companies in the fourth quarter valued at $38,000. Finally, Rialto Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 179 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated 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 sale, the director now owns 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Up 0.7%

Shares of TJX stock traded up $0.81 on Friday, hitting $123.35. The stock had a trading volume of 6,729,044 shares, compared to its average volume of 5,187,178. The business has a 50 day moving average of $127.66 and a 200 day moving average of $124.10. The stock has a market cap of $137.80 billion, a price-to-earnings ratio of 29.02, 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 current ratio of 1.16 and a quick ratio of 0.51. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month 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 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion during 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 firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 earnings per share. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 1.38%. TJX Companies's dividend payout ratio is currently 40.00%.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of research reports. UBS Group reaffirmed a "buy" rating and set a $164.00 price target (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

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.