Sequoia Financial Advisors LLC Has $24.24 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Sequoia Financial Advisors LLC raised its position in The TJX Companies, Inc. (NYSE:TJX) by 48.0% in the 1st quarter, HoldingsChannel reports. The fund owned 199,027 shares of the apparel and home fashions retailer’s stock after purchasing an additional 64,570 shares during the period. Sequoia Financial Advisors LLC’s holdings in TJX Companies were worth $24,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Nwam LLC raised its holdings in shares of TJX Companies by 2.0% in the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock worth $524,000 after buying an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC increased its holdings in TJX Companies by 5.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer’s stock valued at $218,000 after purchasing an additional 86 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer’s stock valued at $485,000 after purchasing an additional 86 shares in the last quarter. Amplius Wealth Advisors LLC increased its holdings in TJX Companies by 4.2% during the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer’s stock valued at $283,000 after purchasing an additional 93 shares in the last quarter. Finally, Horizon Wealth Management LLC increased its holdings in TJX Companies by 2.0% during the 1st quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer’s stock valued at $602,000 after purchasing an additional 99 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barclays reaffirmed an “overweight” rating and set a $147.00 price target (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Cowen reaffirmed a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. UBS Group reaffirmed a “buy” rating and set a $164.00 price target (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, May 21st. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. One 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.53.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm’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 transaction, the director now directly owns 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Down 1.6%

NYSE:TJX opened at $122.59 on Thursday. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $136.95 billion, a P/E ratio of 28.84, a P/E/G ratio of 2.95 and a beta of 0.90. The stock’s fifty day simple moving average is $127.40 and its 200-day simple moving average is $124.07.

TJX Companies (NYSE:TJX) last posted 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 the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period last year, the company earned $0.93 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.39%. TJX Companies’s dividend payout ratio is currently 40.00%.

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.