BDF Gestion Makes New $6.72 Million Investment in The TJX Companies, Inc. (NYSE:TJX)

BDF Gestion acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 61,065 shares of the apparel and home fashions retailer’s stock, valued at approximately $6,723,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valued Wealth Advisors LLC lifted its holdings in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 177 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $27,000. First Pacific Financial bought a new stake in TJX Companies during the 1st quarter valued at $29,000. OFI Invest Asset Management purchased a new stake in TJX Companies in the first quarter worth about $30,000. Finally, AlphaMark Advisors LLC lifted its stake in TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after acquiring an additional 122 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on TJX. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $100.00 to $110.00 in a report on Thursday, April 25th. UBS Group upped their target price on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a report on Tuesday, May 21st. Morgan Stanley upped their price objective on TJX Companies from $113.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Finally, Barclays lifted their target price on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.67.

Insider Buying and Selling

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the transaction, the director now directly owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 110,893 shares in the company, valued at $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 90 days. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX traded up $0.78 during trading hours on Friday, reaching $110.70. 5,918,318 shares of the company traded hands, compared to its average volume of 5,379,752. The stock has a market capitalization of $125.11 billion, a P/E ratio of 27.22, a P/E/G ratio of 2.93 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average price of $110.59 and a 200-day moving average price of $102.09. The TJX Companies, Inc. has a 12-month low of $85.44 and a 12-month high of $115.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $12.48 billion. During the same period in the prior year, the company earned $0.76 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. Equities analysts anticipate that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

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.