The TJX Companies, Inc. (NYSE:TJX) Stock Holdings Boosted by Maridea Wealth Management LLC

Maridea Wealth Management LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 154.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,031 shares of the apparel and home fashions retailer’s stock after purchasing an additional 4,272 shares during the quarter. Maridea Wealth Management LLC’s holdings in TJX Companies were worth $856,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after acquiring an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after acquiring an additional 235 shares during the last quarter. WINTON GROUP Ltd lifted its position in shares of TJX Companies by 163.6% during the 4th quarter. WINTON GROUP Ltd now owns 4,814 shares of the apparel and home fashions retailer’s stock valued at $582,000 after acquiring an additional 2,988 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of TJX Companies by 7.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 21,644 shares of the apparel and home fashions retailer’s stock valued at $2,615,000 after acquiring an additional 1,534 shares during the last quarter. Finally, Allianz SE acquired a new stake in shares of TJX Companies during the 4th quarter valued at $334,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Up 0.0%

Shares of NYSE:TJX opened at $126.29 on Monday. The company has a market cap of $141.07 billion, a P/E ratio of 29.71, a P/E/G ratio of 2.95 and a beta of 0.88. The stock’s 50-day moving average is $125.58 and its 200-day moving average is $124.31. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week 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 issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm’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. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, August 14th. TJX Companies’s dividend payout ratio is currently 40.00%.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TJX. Daiwa Capital Markets began coverage on TJX Companies in a research report on Tuesday, July 8th. They set an “outperform” rating and a $133.00 price objective for the company. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, May 21st. Cowen restated a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. increased their target price on TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, June 2nd. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $141.06.

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.