Global Assets Advisory LLC Makes New $488,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

Global Assets Advisory 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 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,971 shares of the apparel and home fashions retailer's stock, valued at approximately $488,000.

A number of other institutional investors have also modified their holdings of the business. Millstone Evans Group LLC acquired a new position in TJX Companies in the fourth quarter valued at $30,000. Promus Capital LLC purchased a new position in shares of TJX Companies during the fourth quarter worth about $32,000. Inlight Wealth Management LLC acquired a new position in TJX Companies in the 1st quarter valued at about $37,000. Tacita Capital Inc purchased a new stake in TJX Companies during the 4th quarter valued at approximately $38,000. Finally, Rialto Wealth Management LLC lifted its position in TJX Companies by 105.9% during the 1st 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 period. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.53.

Insider Activity at TJX Companies

In related 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 transaction, the director now owns 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by corporate insiders.

TJX Companies Price Performance

TJX stock traded down $0.13 during midday trading on Thursday, hitting $122.35. 8,381,220 shares of the stock were exchanged, compared to its average volume of 5,197,444. The stock's 50-day moving average price is $127.40 and its 200-day moving average price is $124.07. 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 stock has a market cap of $136.68 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 2.95 and a beta of 0.90. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85.

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. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 EPS. Research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.39%. TJX Companies's dividend payout ratio is currently 40.00%.

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.