Apollon Wealth Management LLC Raises Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Apollon Wealth Management LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,034 shares of the apparel and home fashions retailer’s stock after purchasing an additional 417 shares during the period. Apollon Wealth Management LLC’s holdings in TJX Companies were worth $3,527,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of TJX Companies during the 4th quarter worth approximately $1,193,438,000. Price T Rowe Associates Inc. MD grew its stake in TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. PineStone Asset Management Inc. raised its holdings in TJX Companies by 134.2% in the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after purchasing an additional 3,132,960 shares in the last quarter. Vanguard Group Inc. lifted its position in TJX Companies by 1.3% during the first 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 buying an additional 1,269,792 shares during the period. Finally, Canoe Financial LP boosted its holdings in shares of 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 valued at $104,344,000 after buying an additional 1,107,287 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE TJX opened at $112.48 on Tuesday. The stock has a market capitalization of $127.12 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.95 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 debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The business’s fifty day moving average price is $111.26 and its 200-day moving average price is $102.93.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $12.48 billion. During the same period last year, the firm posted $0.76 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts predict that The TJX Companies, Inc. will post 4.12 earnings per share for the current year.

TJX Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

TJX has been the subject of several research reports. Loop Capital increased their price target on shares of TJX Companies from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Morgan Stanley lifted their target price on shares of TJX Companies from $113.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. UBS Group boosted their price target on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Barclays raised their price objective on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Finally, BMO Capital Markets increased their target price on TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $116.71.

Insider Activity

In related news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction 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 transaction, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now owns 23,470 shares in the company, valued at approximately $2,395,582.90. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock valued at $5,060,941 in the last 90 days. 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.