Deltec Asset Management LLC Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

Deltec Asset Management LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 31.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,100 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,100 shares during the period. Deltec Asset Management LLC’s holdings in TJX Companies were worth $1,442,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Running Oak Capital LLC boosted its holdings in TJX Companies by 10.9% in the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock worth $11,358,000 after acquiring an additional 11,036 shares in the last quarter. New Mexico Educational Retirement Board boosted its holdings in TJX Companies by 15.9% in the first quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after acquiring an additional 9,500 shares in the last quarter. Options Solutions LLC purchased a new position in shares of TJX Companies in the fourth quarter worth $726,000. Advisors Capital Management LLC raised its stake in shares of TJX Companies by 3.7% in the first quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after purchasing an additional 20,629 shares during the last quarter. Finally, Ethos Financial Group LLC purchased a new position in shares of TJX Companies in the fourth quarter worth $269,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction that occurred 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 sale, 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 can be accessed through the SEC website. In related news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value 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 accessible through this link. Also, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders sold 50,003 shares of company stock worth $5,060,941 over the last three months. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $1.96 during trading on Wednesday, hitting $109.08. 6,398,064 shares of the company were exchanged, compared to its average volume of 5,383,272. The stock has a market capitalization of $123.28 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 2.95 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 TJX Companies, Inc. has a fifty-two week low of $85.44 and a fifty-two week high of $115.35. The firm has a 50 day moving average price of $110.96 and a 200 day moving average price of $102.51.

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 (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company 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 company earned $0.76 EPS. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities analysts expect that The TJX Companies, Inc. will post 4.11 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is 37.22%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TJX. Telsey Advisory Group boosted their price target on TJX Companies from $115.00 to $128.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays increased their price target on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. TD Cowen upped their price objective on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Loop Capital increased their price target on TJX Companies from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, Evercore ISI set a $113.00 price target on TJX Companies in a report on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.39.

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.