1,658 Shares in The TJX Companies, Inc. (NYSE:TJX) Purchased by Mirabaud & Cie SA

Mirabaud & Cie SA purchased a new position in The TJX Companies, Inc. (NYSE:TJX) in the first quarter, Holdings Channel reports. The fund purchased 1,658 shares of the apparel and home fashions retailer’s stock, valued at approximately $202,000.

Other large investors also recently bought and sold shares of the company. TCTC Holdings LLC raised its holdings in TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after purchasing an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock valued at $36,000 after acquiring an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC raised its holdings in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock valued at $36,000 after acquiring an additional 149 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of TJX Companies in the first quarter valued at approximately $37,000. Finally, Rialto Wealth Management LLC increased its holdings in shares of TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock valued at $42,000 after purchasing an additional 179 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TJX. Barclays reaffirmed an “overweight” rating and issued a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. Daiwa Capital Markets began coverage on TJX Companies in a report on Tuesday, July 8th. They issued an “outperform” rating and a $133.00 price target for the company. TD Securities increased their price target on TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of TJX Companies in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and a consensus target price of $141.06.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of TJX Companies 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 directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 1.1%

TJX opened at $125.89 on Friday. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The business has a fifty day simple moving average of $125.01 and a 200-day simple moving average of $124.45. The firm has a market cap of $140.63 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.90 and a beta of 0.88. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX) last released its 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 analyst estimates of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. TJX Companies’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $0.93 earnings per share. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced 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. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.4%. TJX Companies’s dividend payout ratio (DPR) is 40.00%.

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.