The TJX Companies, Inc. (NYSE:TJX) Shares Bought by CX Institutional

CX Institutional raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,517 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,046 shares during the period. CX Institutional’s holdings in TJX Companies were worth $7,127,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in TJX Companies by 1.7% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer’s stock valued at $603,000 after acquiring an additional 84 shares during the period. Nwam LLC boosted its position in shares of TJX Companies by 2.0% during the fourth 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 during the period. One Charles Private Wealth Services LLC boosted its position in shares of TJX Companies by 5.0% during 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 buying an additional 86 shares during the period. Amplius Wealth Advisors LLC boosted its position in shares of TJX Companies by 4.2% during the first 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 period. Finally, JFS Wealth Advisors LLC boosted its position in shares of TJX Companies by 0.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 10,617 shares of the apparel and home fashions retailer’s stock worth $1,283,000 after buying an additional 99 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 now 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 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 brokerages have recently issued reports on TJX. Wells Fargo & Company reiterated an “equal weight” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, May 21st. UBS Group reiterated a “buy” rating and set a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upped their target price on TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, June 2nd. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.53.

TJX Companies Stock Performance

TJX opened at $126.07 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $140.83 billion, a PE ratio of 29.66, a P/E/G ratio of 2.75 and a beta of 0.90. The business has a fifty day simple moving average of $127.67 and a 200-day simple moving average of $124.22. The TJX Companies, Inc. has a fifty-two week low of $106.18 and a fifty-two week high of $135.85.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter last year, the company posted $0.93 EPS. TJX Companies’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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 given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. TJX Companies’s dividend payout ratio (DPR) is 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.