The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Smart Money Group LLC

Smart Money Group LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 29.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,885 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,801 shares during the quarter. Smart Money Group LLC’s holdings in TJX Companies were worth $960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Millstone Evans Group LLC bought a new position in TJX Companies in the fourth quarter worth about $30,000. Promus Capital LLC bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $32,000. Inlight Wealth Management LLC acquired a new position in TJX Companies during the 1st quarter valued at approximately $37,000. Rialto Wealth Management LLC grew its stake in TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock worth $42,000 after buying an additional 179 shares during the last quarter. Finally, Proathlete Wealth Management LLC bought a new position in TJX Companies during the 1st quarter worth $52,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the 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 transaction, the director owned 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 SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies in a report on Wednesday, May 21st. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 22nd. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Morgan Stanley set a $140.00 price objective on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $141.53.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $125.27 on Thursday. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The stock has a market cap of $139.94 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The company’s 50-day moving average price is $127.18 and its two-hundred day moving average price is $123.99.

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

TJX Companies Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.36%. TJX Companies’s dividend payout ratio (DPR) is presently 40.00%.

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.