The TJX Companies, Inc. $TJX Shares Bought by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. boosted its stake in The TJX Companies, Inc. by 90.7% to own 76,242 shares valued at approximately $9.29 million as per its latest SEC filing.
• The company reported earnings per share of $0.92 for the last quarter, exceeding analysts' expectations, with a 5.1% increase in quarterly revenue year-over-year.
• Several institutional investors significantly increased their holdings in TJX Companies, raising investor participation to 91.09% of the company’s total stock.

Vestmark Advisory Solutions Inc. raised its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 90.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 76,242 shares of the apparel and home fashions retailer's stock after acquiring an additional 36,259 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in TJX Companies were worth $9,286,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Shell Asset Management Co. raised its holdings in TJX Companies by 16.5% in the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock valued at $3,524,000 after acquiring an additional 4,128 shares during the last quarter. Pathstone Holdings LLC raised its holdings in TJX Companies by 10.1% in the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock valued at $88,992,000 after acquiring an additional 67,853 shares during the last quarter. Ethic Inc. raised its holdings in TJX Companies by 21.1% in the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after acquiring an additional 29,158 shares during the last quarter. Fiduciary Trust Co grew its stake in shares of TJX Companies by 5.2% in the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after buying an additional 144,113 shares during the period. Finally, Pinnacle Financial Partners Inc grew its stake in shares of TJX Companies by 2.2% in the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock valued at $46,989,000 after buying an additional 8,319 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Performance

NYSE:TJX traded up $0.47 during mid-day trading on Monday, reaching $133.09. The stock had a trading volume of 6,197,082 shares, compared to its average volume of 5,295,365. 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 firm has a market capitalization of $148.67 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 3.09 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $111.22 and a twelve month high of $135.85. The business has a 50 day simple moving average of $125.91 and a 200 day simple moving average of $125.10.

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 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The firm 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 was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. On average, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared 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 1.3%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred 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 transaction, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Telsey Advisory Group reissued an "outperform" rating and issued a $150.00 price target on shares of TJX Companies in a research note on Wednesday, August 13th. Loop Capital set a $150.00 target price on TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. upped their price target on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Macquarie restated a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. Finally, Wall Street Zen upgraded 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, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $141.33.

About TJX Companies

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.