Valeo Financial Advisors LLC Has $2.63 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Valeo Financial Advisors LLC lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 6.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,848 shares of the apparel and home fashions retailer’s stock after selling 1,663 shares during the quarter. Valeo Financial Advisors LLC’s holdings in TJX Companies were worth $2,626,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TJX. Allworth Financial LP boosted its stake in shares of TJX Companies by 2.3% in the 4th quarter. Allworth Financial LP now owns 13,960 shares of the apparel and home fashions retailer’s stock valued at $1,310,000 after purchasing an additional 309 shares during the last quarter. Equitable Trust Co. boosted its stake in TJX Companies by 152.7% during the 4th quarter. Equitable Trust Co. now owns 8,825 shares of the apparel and home fashions retailer’s stock worth $828,000 after acquiring an additional 5,333 shares during the last quarter. BSW Wealth Partners boosted its stake in TJX Companies by 2.0% during the 4th quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer’s stock worth $528,000 after acquiring an additional 109 shares during the last quarter. Strategic Blueprint LLC boosted its stake in TJX Companies by 16.8% during the 4th quarter. Strategic Blueprint LLC now owns 7,931 shares of the apparel and home fashions retailer’s stock worth $744,000 after acquiring an additional 1,140 shares during the last quarter. Finally, Busey Bank bought a new position in TJX Companies during the 4th quarter worth approximately $341,000. Institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the transaction, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at $11,089,300. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock valued at $5,060,941 over the last ninety days. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Up 1.8 %

TJX traded up $1.99 during trading on Thursday, reaching $109.92. 5,126,336 shares of the stock were exchanged, compared to its average volume of 5,375,300. The stock has a market cap of $124.23 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The TJX Companies, Inc. has a twelve month low of $85.44 and a twelve month high of $115.35. The stock’s 50 day moving average price is $110.46 and its two-hundred day moving average price is $102.03. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The firm had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same period in the previous year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on TJX. BMO Capital Markets lifted their price objective on shares of TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. UBS Group lifted their price target on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. TD Cowen lifted their price target on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Robert W. Baird lifted their price target on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Finally, The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.67.

TJX Companies Company 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.