Phillips Wealth Planners LLC Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Phillips Wealth Planners LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 48.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,682 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,840 shares during the quarter. TJX Companies comprises about 1.1% of Phillips Wealth Planners LLC’s holdings, making the stock its 19th biggest holding. Phillips Wealth Planners LLC’s holdings in TJX Companies were worth $1,113,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TJX. Shell Asset Management Co. boosted its stake in TJX Companies by 16.5% during the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock worth $3,524,000 after buying an additional 4,128 shares during the period. Pathstone Holdings LLC boosted its stake in TJX Companies by 10.1% during the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock worth $88,992,000 after buying an additional 67,853 shares during the period. Ethic Inc. boosted its stake in TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock worth $20,196,000 after buying an additional 29,158 shares during the period. Fiduciary Trust Co boosted its stake in TJX Companies by 5.2% during the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock worth $349,284,000 after buying an additional 144,113 shares during the period. Finally, Pennington Partners & CO. LLC purchased a new position in TJX Companies during the fourth quarter worth about $257,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the subject of several research analyst reports. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. UBS Group reissued a “buy” rating and issued a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Robert W. Baird raised their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $141.53.

TJX Companies Trading Down 1.6%

NYSE:TJX opened at $122.59 on Thursday. The stock has a 50-day simple moving average of $127.40 and a 200-day simple moving average of $124.07. The stock has a market cap 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 TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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. The business had revenue of $13.11 billion during the quarter, compared to analysts’ expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend 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%.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the company’s stock in a transaction dated 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 directly owns 22,712 shares of the company’s stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

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.