N.E.W. Advisory Services LLC Acquires New Position in The TJX Companies, Inc. (NYSE:TJX)

N.E.W. Advisory Services LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,032 shares of the apparel and home fashions retailer’s stock, valued at approximately $126,000.

A number of other institutional investors have also bought and sold shares of TJX. TCTC Holdings LLC raised its holdings in shares of TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after acquiring an additional 145 shares during the period. Meeder Advisory Services Inc. grew its holdings in shares of TJX Companies by 7.1% in the first quarter. Meeder Advisory Services Inc. now owns 30,030 shares of the apparel and home fashions retailer’s stock valued at $3,658,000 after purchasing an additional 1,984 shares during the period. Picton Mahoney Asset Management increased its position in TJX Companies by 42.1% during the first quarter. Picton Mahoney Asset Management now owns 182,751 shares of the apparel and home fashions retailer’s stock worth $22,258,000 after purchasing an additional 54,128 shares during the last quarter. Maridea Wealth Management LLC raised its stake in TJX Companies by 154.8% during the first quarter. Maridea Wealth Management LLC now owns 7,031 shares of the apparel and home fashions retailer’s stock worth $856,000 after purchasing an additional 4,272 shares during the period. Finally, AGP Franklin LLC boosted its holdings in TJX Companies by 2.8% in the 1st quarter. AGP Franklin LLC now owns 23,353 shares of the apparel and home fashions retailer’s stock valued at $3,001,000 after purchasing an additional 643 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

TJX Companies Stock Performance

NYSE:TJX opened at $126.45 on Wednesday. The business’s fifty day moving average price is $125.21 and its 200 day moving average price is $124.37. The firm has a market capitalization of $141.26 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51.

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, beating analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 earnings per share. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Thursday, August 14th. TJX Companies’s dividend payout ratio is currently 40.00%.

Wall Street Analyst Weigh In

TJX has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Daiwa Capital Markets began coverage on TJX Companies in a research report on Tuesday, July 8th. They issued an “outperform” rating and a $133.00 target price on the stock. Barclays reiterated 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. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $141.06.

About TJX Companies

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.