Caliber Wealth Management LLC KS Takes Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Caliber Wealth Management LLC KS has invested approximately $2.08 million in The TJX Companies, acquiring 17,065 shares in the first quarter.
• The TJX Companies recently announced a quarterly dividend of $0.425 per share, with an annual yield of 1.35%.
• Analysts are bullish on TJX, with 19 buy ratings and a consensus price target of $141.06, up from earlier targets by multiple brokerages.

Caliber Wealth Management LLC KS purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,065 shares of the apparel and home fashions retailer's stock, valued at approximately $2,079,000.

Other hedge funds also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC raised its stake in 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 buying an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC raised its stake in 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 buying an additional 149 shares during the last quarter. Inlight Wealth Management LLC purchased a new position in shares of TJX Companies in the first quarter worth $37,000. Rialto Wealth Management LLC raised its stake 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 worth $42,000 after purchasing an additional 179 shares during the last quarter. Finally, Proathlete Wealth Management LLC purchased a new position in shares of TJX Companies in the first quarter worth $52,000. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on TJX shares. Cowen restated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Daiwa America raised TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Barclays reissued an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, Robert W. Baird raised their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $141.06.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director directly owned 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 is available through the SEC website. 0.13% of the stock is owned by insiders.

TJX Companies Trading Up 0.0%

TJX stock traded up $0.03 during midday trading on Friday, reaching $126.29. 5,143,166 shares of the company traded hands, compared to its average volume of 4,623,807. 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. The business has a 50 day moving average of $125.58 and a 200-day moving average of $124.30. The firm has a market capitalization of $141.07 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 2.95 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The company's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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 issued a $0.425 dividend. 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%.

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.