Fiduciary Wealth Partners LLC Takes Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Fiduciary Wealth Partners LLC recently invested $284,000 in The TJX Companies, acquiring 2,333 shares, which makes up 0.2% of their portfolio.
• The TJX Companies reported a quarterly earnings per share (EPS) of $0.92, exceeding analyst expectations of $0.90, alongside a revenue of $13.11 billion.
• Several institutional investors increased their stakes in TJX during the first quarter, with institutional ownership now at 91.09%.

Fiduciary Wealth Partners LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,333 shares of the apparel and home fashions retailer's stock, valued at approximately $284,000. TJX Companies comprises about 0.2% of Fiduciary Wealth Partners LLC's portfolio, making the stock its 28th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after purchasing an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after purchasing an additional 235 shares during the last quarter. Bryce Point Capital LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at $543,000. OneAscent Financial Services LLC boosted its stake in shares of TJX Companies by 28.6% in the 4th quarter. OneAscent Financial Services LLC now owns 3,408 shares of the apparel and home fashions retailer's stock valued at $412,000 after purchasing an additional 758 shares during the last quarter. Finally, Arete Wealth Advisors LLC boosted its stake in shares of TJX Companies by 46.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 10,348 shares of the apparel and home fashions retailer's stock valued at $1,249,000 after purchasing an additional 3,284 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Up 1.1%

NYSE TJX traded up $1.36 on Friday, hitting $125.89. 4,855,347 shares of the company were exchanged, compared to its average volume of 4,653,086. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average of $125.01 and a 200-day moving average of $124.51. 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 cap of $140.63 billion, a PE ratio of 29.62, a PEG ratio of 2.94 and a beta of 0.89.

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 earnings per share 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 prior year, the company posted $0.93 earnings per share. The business's revenue was up 5.1% on a year-over-year basis. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm 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 dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.4%. TJX Companies's dividend payout ratio is presently 40.00%.

Insiders Place Their Bets

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 shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TJX shares. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. UBS Group reaffirmed a "buy" rating and issued a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus 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.