Commonwealth Equity Services LLC Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Commonwealth Equity Services LLC increased its stake in The TJX Companies by 6.2%, now holding a total of 377,004 shares valued at approximately $45.9 million.
• Several institutional investors have also boosted their positions in TJX, with TCTC Holdings LLC increasing its stake by 210.1% during the same period.
• Analysts generally have a positive outlook on TJX Companies, with an average rating of "Buy" and a consensus price target of $141.06.

Commonwealth Equity Services LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 377,004 shares of the apparel and home fashions retailer's stock after purchasing an additional 21,863 shares during the period. Commonwealth Equity Services LLC's holdings in TJX Companies were worth $45,919,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TJX. TCTC Holdings LLC boosted its position in TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after acquiring an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position 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 worth $36,000 after acquiring an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC boosted its position 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 worth $36,000 after acquiring an additional 149 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in TJX Companies during the first quarter worth approximately $37,000. Finally, Rialto Wealth Management LLC boosted its position in TJX Companies by 105.9% during 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 last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

TJX has been the topic of a number of analyst reports. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Daiwa Capital Markets started coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. One investment 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 stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $141.06.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business's 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 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 the SEC website. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Performance

TJX Companies stock opened at $129.12 on Tuesday. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The company has a market capitalization of $144.24 billion, a price-to-earnings ratio of 30.38, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. 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 firm's fifty day moving average price is $125.08 and its 200 day moving average price is $124.56.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly 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 firm had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm's quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid 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 yield of 1.3%. TJX Companies's payout ratio is 40.00%.

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.

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