The TJX Companies, Inc. (NYSE:TJX) Stock Position Boosted by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC increased its stake in The TJX Companies by 38.5% in Q1, bringing their total holdings to 57,157 shares valued at approximately $6.96 million.
• In its latest earnings report, TJX Companies reported $0.92 earnings per share, exceeding analysts' expectations and showing a year-over-year revenue increase of 5.1% at $13.11 billion.
• A number of analysts have set new price targets for TJX Companies, with JPMorgan raising theirs from $130.00 to $145.00 and maintaining an "overweight" rating, indicating positive sentiment toward the company's future performance.

HB Wealth Management LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 38.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,157 shares of the apparel and home fashions retailer's stock after purchasing an additional 15,894 shares during the period. HB Wealth Management LLC's holdings in TJX Companies were worth $6,962,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TJX. Brighton Jones LLC boosted its holdings in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after acquiring an additional 8,002 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after buying an additional 235 shares in the last quarter. WINTON GROUP Ltd grew its holdings in TJX Companies by 163.6% during the fourth quarter. WINTON GROUP Ltd now owns 4,814 shares of the apparel and home fashions retailer's stock worth $582,000 after acquiring an additional 2,988 shares during the period. New Age Alpha Advisors LLC raised its position in TJX Companies by 27,679.0% in the fourth quarter. New Age Alpha Advisors LLC now owns 46,391 shares of the apparel and home fashions retailer's stock worth $5,604,000 after acquiring an additional 46,224 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in TJX Companies by 13.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 976,069 shares of the apparel and home fashions retailer's stock valued at $117,919,000 after acquiring an additional 115,381 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies 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 transaction of $121,685.50. Following the completion of the transaction, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TJX shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. UBS Group reaffirmed a "buy" rating and set a $164.00 price objective (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $141.06.

TJX Companies Stock Performance

Shares of NYSE:TJX traded up $1.11 during trading on Tuesday, hitting $126.50. 3,259,565 shares of the company traded hands, compared to its average volume of 5,333,650. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The business's fifty day moving average is $125.39 and its 200-day moving average is $124.35. The stock has a market capitalization of $141.31 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.95 and a beta of 0.88. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85.

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 (EPS) 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 during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed 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 of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.34%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

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.