The TJX Companies, Inc. (NYSE:TJX) is Stokes Capital Advisors LLC’s 2nd Largest Position

Stokes Capital Advisors LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 114,414 shares of the apparel and home fashions retailer’s stock after purchasing an additional 4,177 shares during the quarter. TJX Companies makes up about 3.5% of Stokes Capital Advisors LLC’s holdings, making the stock its 2nd biggest position. Stokes Capital Advisors LLC’s holdings in TJX Companies were worth $12,597,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TJX. Norges Bank bought a new stake in shares of TJX Companies during the 4th quarter valued at $1,193,438,000. Price T Rowe Associates Inc. MD grew its stake in shares of TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares during the last quarter. PineStone Asset Management Inc. boosted its holdings in TJX Companies by 134.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after acquiring an additional 3,132,960 shares during the period. Vanguard Group Inc. boosted its holdings in TJX Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after acquiring an additional 1,269,792 shares during the period. Finally, Canoe Financial LP grew its position in TJX Companies by 22,145.7% during the 4th quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock worth $104,344,000 after acquiring an additional 1,107,287 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TJX shares. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a report on Tuesday, May 21st. TD Cowen lifted their price objective on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. BMO Capital Markets boosted their target price on TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Loop Capital raised their price target on TJX Companies from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Finally, Barclays boosted their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $115.79.

TJX Companies Price Performance

TJX traded down $0.03 during trading on Friday, hitting $111.45. 4,656,333 shares of the company traded hands, compared to its average volume of 5,384,507. The company has a market cap of $125.96 billion, a PE ratio of 27.66, a P/E/G ratio of 2.90 and a beta of 0.88. The TJX Companies, Inc. has a 1 year low of $86.71 and a 1 year high of $115.35. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The stock’s 50-day simple moving average is $111.15 and its two-hundred day simple moving average is $102.82.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. TJX Companies’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.12 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors 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 annualized dividend and a yield of 1.35%. TJX Companies’s dividend payout ratio (DPR) is currently 37.22%.

Insiders Place Their Bets

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 110,893 shares in the company, valued at $11,089,300. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares in the company, valued at $5,042,756.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction that occurred 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 owns 110,893 shares of the company’s stock, valued at $11,089,300. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock worth $5,060,941 in the last ninety days. 0.13% of the stock is owned by company insiders.

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.