Farther Finance Advisors LLC Has $2.24 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Farther Finance Advisors LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 47.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,263 shares of the apparel and home fashions retailer's stock after purchasing an additional 5,916 shares during the period. Farther Finance Advisors LLC's holdings in TJX Companies were worth $2,241,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in shares of TJX Companies by 1.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock worth $603,000 after acquiring an additional 84 shares during the period. Nwam LLC increased its holdings in TJX Companies by 2.0% in the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after purchasing an additional 84 shares during the period. One Charles Private Wealth Services LLC boosted its position in TJX Companies by 5.0% during the fourth 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 acquiring an additional 86 shares during the last quarter. Amplius Wealth Advisors LLC boosted its position in shares of TJX Companies by 4.2% during the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock worth $283,000 after purchasing an additional 93 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in shares of TJX Companies by 0.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 10,617 shares of the apparel and home fashions retailer's stock worth $1,283,000 after acquiring an additional 99 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Down 0.2%

NYSE TJX traded down $0.19 during mid-day trading on Thursday, reaching $124.34. 4,084,299 shares of the stock were exchanged, compared to its average volume of 5,213,921. 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 stock has a market capitalization of $138.90 billion, a PE ratio of 29.26, a PEG ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 1-year low of $106.89 and a 1-year high of $135.85. The business's fifty day simple moving average is $127.83 and its 200 day simple moving average is $124.22.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same period last year, the business earned $0.93 EPS. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.37%. TJX Companies's payout ratio is currently 40.00%.

Insider Transactions at TJX Companies

In other 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 now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. 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 report on Thursday, May 22nd. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Loop Capital set a $150.00 price target on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $141.53.

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.