Stokes Capital Advisors LLC Has $11.18 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Stokes Capital Advisors LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,237 shares of the apparel and home fashions retailer’s stock after acquiring an additional 6,178 shares during the quarter. TJX Companies accounts for approximately 3.3% of Stokes Capital Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Stokes Capital Advisors LLC’s holdings in TJX Companies were worth $11,180,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Norges Bank bought a new stake in TJX Companies during the fourth quarter worth about $1,193,438,000. Schroder Investment Management Group lifted its position in TJX Companies by 350.9% during the third quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock worth $184,714,000 after purchasing an additional 1,617,367 shares during the period. Qube Research & Technologies Ltd lifted its position in TJX Companies by 105.9% during the third quarter. Qube Research & Technologies Ltd now owns 2,378,802 shares of the apparel and home fashions retailer’s stock worth $211,428,000 after purchasing an additional 1,223,303 shares during the period. Nordea Investment Management AB lifted its position in TJX Companies by 23.2% during the fourth quarter. Nordea Investment Management AB now owns 5,881,507 shares of the apparel and home fashions retailer’s stock worth $554,156,000 after purchasing an additional 1,107,937 shares during the period. Finally, Canoe Financial LP lifted its position in TJX Companies by 22,145.7% during the fourth quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock worth $104,344,000 after purchasing an additional 1,107,287 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the transaction, the executive vice president now directly owns 49,570 shares in the company, valued at approximately $5,042,756.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the transaction, the executive vice president now directly owns 110,893 shares in the company, valued at approximately $11,089,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the transaction, the executive vice president now owns 49,570 shares in the company, valued at $5,042,756.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,003 shares of company stock worth $5,060,941. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.1 %

TJX stock traded down $0.07 during trading on Friday, hitting $110.48. The company had a trading volume of 947,847 shares, compared to its average volume of 5,478,769. The business has a 50-day moving average of $101.79 and a 200-day moving average of $97.98. The TJX Companies, Inc. has a one year low of $82.25 and a one year high of $111.79. The stock has a market cap of $124.86 billion, a PE ratio of 27.45, a PEG ratio of 2.96 and a beta of 0.87. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. Research analysts predict that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 15th. TJX Companies’s payout ratio is 37.22%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TJX shares. UBS Group upped their price objective on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Sanford C. Bernstein boosted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Robert W. Baird boosted their target price on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, Evercore ISI set a $113.00 target price on TJX Companies in a research note on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.37.

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.