Brookwood Investment Group LLC Invests $296,000 in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Brookwood Investment Group LLC purchased a new stake of 2,427 shares in The TJX Companies, valued at approximately $296,000, highlighting increased institutional interest in the retailer.
• Several analysts have issued positive ratings for TJX Companies, with a consensus price target of $141.06 and most analysts recommending a buy or outperform rating.
• The company declared a quarterly dividend of $0.425 per share, which will be paid on September 4th, and has a dividend yield of 1.35%.

Brookwood Investment Group LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,427 shares of the apparel and home fashions retailer's stock, valued at approximately $296,000.

Several other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in TJX Companies by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock worth $2,930,965,000 after buying an additional 464,995 shares during the period. Capital International Investors raised its stake in shares of TJX Companies by 4.5% in the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock valued at $1,769,600,000 after purchasing an additional 626,739 shares during the period. Northern Trust Corp raised its stake in shares of TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after purchasing an additional 1,845,225 shares during the period. Royal Bank of Canada grew its holdings in shares of TJX Companies by 12.9% in the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after acquiring an additional 1,403,561 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of TJX Companies by 10.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,187,824 shares of the apparel and home fashions retailer's stock valued at $1,230,791,000 after acquiring an additional 1,005,260 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Up 0.0%

Shares of TJX traded up $0.03 during midday trading on Friday, hitting $126.29. The stock had a trading volume of 5,143,166 shares, compared to its average volume of 4,623,807. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The firm has a market cap of $141.07 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88. 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 stock's 50 day moving average is $125.58 and its 200 day moving average is $124.30.

TJX Companies (NYSE:TJX - Get Free Report) last issued its 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. 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 for the quarter, compared to analysts' expectations of $13.01 billion. During the same period in the prior year, the business earned $0.93 EPS. The firm's quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.35%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business'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 transaction of $121,685.50. Following 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research analyst reports. Loop Capital set a $150.00 price target on TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. TD Securities lifted their price target on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. UBS Group restated 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. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, TJX Companies presently has an average rating of "Buy" and an average price target of $141.06.

TJX Companies Company 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.