Dakota Wealth Management Purchases 15,054 Shares of The TJX Companies, Inc. (NYSE:TJX)

Dakota Wealth Management increased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,136 shares of the apparel and home fashions retailer's stock after purchasing an additional 15,054 shares during the quarter. Dakota Wealth Management's holdings in TJX Companies were worth $16,094,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC grew its position in shares of TJX Companies by 1.8% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after buying an additional 83 shares during the period. One Charles Private Wealth Services LLC grew its position in shares of TJX Companies by 5.0% in the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after purchasing an additional 86 shares during the period. Salem Investment Counselors Inc. grew its position in shares of 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 period. Amplius Wealth Advisors LLC grew its position in shares of TJX Companies by 4.2% in the 1st 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. Finally, Aaron Wealth Advisors LLC grew its position in shares of TJX Companies by 0.7% in the 1st 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. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX traded down $1.08 during trading hours on Tuesday, reaching $122.48. The company's stock had a trading volume of 1,583,756 shares, compared to its average volume of 5,364,777. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The company's 50-day moving average is $126.71 and its 200-day moving average is $124.12. 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 has a market cap of $136.82 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 2.89 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter in the prior year, the business earned $0.93 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders 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 yield of 1.39%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is 40.00%.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. UBS Group restated a "buy" rating and issued a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Morgan Stanley set a $140.00 target price on TJX Companies and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Finally, Barclays restated an "overweight" rating and issued a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One research 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. According to MarketBeat.com, the company currently has an average 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.