The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Smith Group Asset Management LLC

Smith Group Asset Management LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 212,741 shares of the apparel and home fashions retailer’s stock after buying an additional 7,561 shares during the period. TJX Companies makes up approximately 1.9% of Smith Group Asset Management LLC’s portfolio, making the stock its 24th largest position. Smith Group Asset Management LLC’s holdings in TJX Companies were worth $25,912,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. One Charles Private Wealth Services LLC lifted its holdings in TJX Companies by 5.0% in the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer’s stock worth $218,000 after acquiring an additional 86 shares during the last quarter. Salem Investment Counselors Inc. grew its stake 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 worth $485,000 after buying an additional 86 shares during the last quarter. Amplius Wealth Advisors LLC grew its stake 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 worth $283,000 after buying an additional 93 shares during the last quarter. Horizon Wealth Management LLC grew its stake 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 worth $602,000 after buying an additional 99 shares during the last quarter. Finally, Balboa Wealth Partners raised its holdings in shares of TJX Companies by 3.0% during the first quarter. Balboa Wealth Partners now owns 3,405 shares of the apparel and home fashions retailer’s stock valued at $415,000 after buying an additional 99 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.0%

TJX stock opened at $123.44 on Tuesday. The company has a 50-day moving average of $127.20 and a two-hundred day moving average of $123.97. The stock has a market capitalization of $137.89 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 2.92 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85.

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. The firm had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 earnings per share. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s dividend payout ratio is currently 40.00%.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director owned 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. Cowen reissued a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. TD Securities lifted their price target on TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Barclays reissued an “overweight” rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Finally, Robert W. Baird raised their target price on TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.53.

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.