The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 13.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,738 shares of the apparel and home fashions retailer's stock after purchasing an additional 14,771 shares during the quarter. TJX Companies accounts for 1.0% of Cyndeo Wealth Partners LLC's holdings, making the stock its 22nd largest holding. Cyndeo Wealth Partners LLC's holdings in TJX Companies were worth $15,193,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TJX. Vanguard Group Inc. boosted its position in TJX Companies by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after buying an additional 578,948 shares during the period. Geode Capital Management LLC boosted its holdings in TJX Companies by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock valued at $2,930,965,000 after purchasing an additional 464,995 shares during the period. Capital International Investors grew its stake in TJX Companies by 4.5% during the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after purchasing an additional 626,739 shares in the last quarter. Northern Trust Corp increased its holdings in TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares during the period. Finally, Norges Bank acquired a new stake in TJX Companies in the 4th quarter valued at about $1,670,565,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Barclays reissued an "overweight" rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Robert W. Baird raised their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. increased their target price on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, TJX Companies has an average rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Price Performance

NYSE:TJX traded up $0.36 during trading hours on Monday, hitting $124.27. The company's stock had a trading volume of 4,929,912 shares, compared to its average volume of 5,211,447. 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 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The business's 50-day moving average is $127.91 and its two-hundred day moving average is $124.17. The company has a market capitalization of $138.83 billion, a PE ratio of 29.24, a PEG ratio of 2.75 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. 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 earned $0.93 earnings per share. The firm's revenue was up 5.1% on a year-over-year basis. As a group, research analysts anticipate 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 issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

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.