Transcend Capital Advisors LLC Purchases 4,973 Shares of The TJX Companies, Inc. (NYSE:TJX)

Transcend Capital Advisors LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 19.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 29,984 shares of the apparel and home fashions retailer’s stock after acquiring an additional 4,973 shares during the quarter. Transcend Capital Advisors LLC’s holdings in TJX Companies were worth $3,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Manhattan West Asset Management LLC grew its holdings in TJX Companies by 0.4% during the first quarter. Manhattan West Asset Management LLC now owns 24,670 shares of the apparel and home fashions retailer’s stock valued at $2,502,000 after purchasing an additional 103 shares during the period. Bedel Financial Consulting Inc. grew its holdings in TJX Companies by 3.4% during the fourth quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer’s stock valued at $299,000 after purchasing an additional 104 shares during the period. TRUE Private Wealth Advisors grew its holdings in TJX Companies by 3.7% during the first quarter. TRUE Private Wealth Advisors now owns 2,932 shares of the apparel and home fashions retailer’s stock valued at $297,000 after purchasing an additional 104 shares during the period. Tandem Investment Advisors Inc. grew its holdings in TJX Companies by 1.8% during the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock valued at $548,000 after purchasing an additional 106 shares during the period. Finally, TCI Wealth Advisors Inc. grew its holdings in TJX Companies by 2.6% during the first quarter. TCI Wealth Advisors Inc. now owns 4,214 shares of the apparel and home fashions retailer’s stock valued at $427,000 after purchasing an additional 106 shares during the period. 91.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TJX shares. UBS Group raised their price target on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Loop Capital raised 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. Barclays raised their price target on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Morgan Stanley raised their price target on TJX Companies from $113.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Finally, TD Cowen raised their price target on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.67.

TJX Companies Price Performance

NYSE TJX traded down $0.52 during trading hours on Friday, reaching $113.14. 3,369,928 shares of the stock traded hands, compared to its average volume of 4,355,231. The stock has a 50 day simple moving average of $110.03 and a two-hundred day simple moving average of $101.74. The TJX Companies, Inc. has a 1 year low of $85.27 and a 1 year high of $115.35. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The company has a market cap of $127.87 billion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 3.02 and a beta of 0.88.

TJX Companies (NYSE:TJX) last released its quarterly earnings results 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 the consensus estimate of $12.48 billion. During the same quarter last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a $0.375 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.33%. TJX Companies’s dividend payout ratio is currently 37.22%.

Insider Transactions at TJX Companies

In other news, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction dated 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 transaction, the executive vice president now owns 110,893 shares in the company, valued at $11,089,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,003 shares of company stock worth $5,060,941. Company insiders own 0.13% of the company’s stock.

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.