Aurora Private Wealth Inc. Buys Shares of 71,131 The TJX Companies, Inc. (NYSE:TJX)

Aurora Private Wealth Inc. purchased a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 71,131 shares of the apparel and home fashions retailer's stock, valued at approximately $8,664,000. TJX Companies comprises about 2.2% of Aurora Private Wealth Inc.'s portfolio, making the stock its 6th largest position.

Other large investors have also added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in TJX Companies in the 4th quarter worth $30,000. Promus Capital LLC bought a new position in shares of TJX Companies during the fourth quarter valued at approximately $32,000. Inlight Wealth Management LLC purchased a new stake in TJX Companies in the first quarter worth $37,000. Rialto Wealth Management LLC lifted its stake in 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 worth $42,000 after acquiring an additional 179 shares during the period. Finally, Proathlete Wealth Management LLC bought a new stake in TJX Companies in the first quarter valued at $52,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Up 0.5%

Shares of TJX traded up $0.67 on Friday, hitting $125.98. 2,986,646 shares of the stock traded hands, compared to its average volume of 5,198,385. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The company has a market capitalization of $140.73 billion, a PE ratio of 29.64, a P/E/G ratio of 2.94 and a beta of 0.88. The business has a 50 day simple moving average of $127.17 and a 200 day simple moving average of $124.01. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share 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 company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same period in the previous year, the business earned $0.93 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share 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 issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.35%. TJX Companies's payout ratio is 40.00%.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following 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 sale 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 company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on TJX. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Cowen reissued a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. UBS Group reaffirmed 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. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Loop Capital set a $150.00 target price on TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. One 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 price target of $141.53.

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.