Nvest Financial LLC Purchases 2,627 Shares of The TJX Companies, Inc. (NYSE:TJX)

Nvest Financial LLC raised its position in The TJX Companies, Inc. (NYSE:TJX) by 14.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,696 shares of the apparel and home fashions retailer’s stock after buying an additional 2,627 shares during the quarter. TJX Companies comprises about 1.4% of Nvest Financial LLC’s holdings, making the stock its 23rd largest position. Nvest Financial LLC’s holdings in TJX Companies were worth $2,099,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TJX. Lazard Asset Management LLC raised its stake in shares of TJX Companies by 33.3% during the 3rd quarter. Lazard Asset Management LLC now owns 614,331 shares of the apparel and home fashions retailer’s stock valued at $54,601,000 after purchasing an additional 153,316 shares during the period. Insigneo Advisory Services LLC raised its stake in shares of TJX Companies by 4.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 9,181 shares of the apparel and home fashions retailer’s stock valued at $816,000 after purchasing an additional 429 shares during the period. AQR Capital Management LLC raised its stake in shares of TJX Companies by 27.4% during the 3rd quarter. AQR Capital Management LLC now owns 917,632 shares of the apparel and home fashions retailer’s stock valued at $81,559,000 after purchasing an additional 197,542 shares during the period. Truist Financial Corp raised its stake in shares of TJX Companies by 16.8% during the 3rd quarter. Truist Financial Corp now owns 718,872 shares of the apparel and home fashions retailer’s stock valued at $63,893,000 after purchasing an additional 103,481 shares during the period. Finally, Axxcess Wealth Management LLC raised its stake in shares of TJX Companies by 122.9% during the 3rd quarter. Axxcess Wealth Management LLC now owns 15,339 shares of the apparel and home fashions retailer’s stock valued at $1,363,000 after purchasing an additional 8,457 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Insider Transactions at TJX Companies

In other 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 value of $2,033,200.00. Following the completion of the transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was 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 owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, 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. In the last quarter, insiders sold 50,003 shares of company stock valued at $5,060,941. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.3 %

TJX stock traded down $0.38 during trading on Tuesday, hitting $110.20. 4,747,247 shares of the company traded hands, compared to its average volume of 5,559,586. The firm has a market capitalization of $124.54 billion, a PE ratio of 27.38, a P/E/G ratio of 2.94 and a beta of 0.88. The TJX Companies, Inc. has a 1 year low of $82.25 and a 1 year high of $111.79. The company has a 50-day moving average of $102.81 and a 200-day moving average of $98.44. 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 issued its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. The company had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. TJX Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS. Analysts predict that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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 given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is 37.22%.

Analyst Ratings Changes

TJX has been the topic of a number of analyst reports. TD Cowen boosted their price objective on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Evercore ISI set a $113.00 target price on TJX Companies in a research report on Tuesday, May 21st. Barclays boosted their target price on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group upgraded 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 report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a research report on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.39.

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.