The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Covea Finance

Covea Finance raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 53.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,868 shares of the apparel and home fashions retailer’s stock after purchasing an additional 70,340 shares during the quarter. TJX Companies accounts for 1.1% of Covea Finance’s portfolio, making the stock its 29th largest position. Covea Finance’s holdings in TJX Companies were worth $24,466,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Evanson Asset Management LLC grew its stake in TJX Companies by 77.1% during the 1st quarter. Evanson Asset Management LLC now owns 2,983 shares of the apparel and home fashions retailer’s stock valued at $363,000 after purchasing an additional 1,299 shares in the last quarter. Segment Wealth Management LLC grew its position in shares of TJX Companies by 1.2% in the 1st quarter. Segment Wealth Management LLC now owns 109,380 shares of the apparel and home fashions retailer’s stock worth $13,322,000 after acquiring an additional 1,318 shares in the last quarter. Stableford Capital II LLC bought a new stake in shares of TJX Companies in the 1st quarter valued at approximately $1,027,000. Proathlete Wealth Management LLC bought a new stake in shares of TJX Companies in the 1st quarter valued at approximately $52,000. Finally, ORG Partners LLC increased its holdings in shares of TJX Companies by 175.7% in the 1st quarter. ORG Partners LLC now owns 6,732 shares of the apparel and home fashions retailer’s stock valued at $827,000 after acquiring an additional 4,290 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 0.7%

Shares of TJX stock opened at $123.35 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The stock has a fifty day moving average of $127.66 and a two-hundred day moving average of $124.11. The firm has a market capitalization of $137.80 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 2.90 and a beta of 0.90.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.38%. TJX Companies’s dividend payout ratio (DPR) is 40.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Robert W. Baird boosted their price target on TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, May 21st. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Loop Capital set a $150.00 price target on TJX Companies and gave the company a “buy” rating in a report on Thursday, May 22nd. Finally, Cowen reiterated a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $141.53.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director now owns 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Company 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.