The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Carnegie Investment Counsel

Carnegie Investment Counsel raised its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,429 shares of the apparel and home fashions retailer's stock after purchasing an additional 6,884 shares during the quarter. Carnegie Investment Counsel's holdings in TJX Companies were worth $25,680,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Clear Creek Financial Management LLC raised its stake in shares of TJX Companies by 1.8% in the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after acquiring an additional 83 shares during the period. Salem Investment Counselors Inc. increased its holdings in TJX Companies by 2.2% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after purchasing an additional 86 shares during the last quarter. Amplius Wealth Advisors LLC raised its position in TJX Companies by 4.2% in the first quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after purchasing an additional 93 shares during the period. Aaron Wealth Advisors LLC raised its position in TJX Companies by 0.7% in the first quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock valued at $1,724,000 after purchasing an additional 96 shares during the period. Finally, Horizon Wealth Management LLC lifted its stake in TJX Companies by 2.0% during the first quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer's stock worth $602,000 after purchasing an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Up 0.0%

Shares of NYSE:TJX traded up $0.03 on Friday, hitting $126.29. 5,143,166 shares of the company's stock were exchanged, 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 company has a market capitalization of $141.07 billion, a PE ratio of 29.71, a P/E/G ratio of 2.95 and a beta of 0.88. 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 firm's 50-day moving average is $125.72 and its 200 day moving average is $124.24.

TJX Companies (NYSE:TJX - Get Free Report) last posted its 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. The firm had revenue of $13.11 billion during the quarter, compared to analysts' expectations 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 quarter in the previous year, the business earned $0.93 earnings per share. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS 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 given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is 40.00%.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction 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 completion of the sale, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target on the stock. Cowen reissued a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $141.06.

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.