Kestra Private Wealth Services LLC Has $4.60 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Kestra Private Wealth Services LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 20.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,785 shares of the apparel and home fashions retailer's stock after buying an additional 6,287 shares during the period. Kestra Private Wealth Services LLC's holdings in TJX Companies were worth $4,602,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Clear Creek Financial Management LLC increased its position in TJX Companies by 1.8% in the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after acquiring an additional 83 shares during the period. Salem Investment Counselors Inc. raised its position in TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after purchasing an additional 86 shares during the last quarter. Amplius Wealth Advisors LLC lifted its holdings in 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 buying an additional 93 shares during the period. 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 buying an additional 96 shares during the last quarter. Finally, Horizon Wealth Management LLC increased its stake in shares of TJX Companies by 2.0% in the first quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer's stock valued at $602,000 after buying an additional 99 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of TJX stock opened at $122.18 on Monday. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The firm has a market capitalization of $136.49 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 2.85 and a beta of 0.88. The firm has a fifty day simple moving average of $126.19 and a two-hundred day simple moving average of $124.15. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal 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 dividend of $0.425 per share. 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%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. TD Securities upped their target price on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Barclays restated an "overweight" rating and issued a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Finally, Loop Capital set a $150.00 price objective on TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of "Buy" and an average target price of $141.06.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the firm'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 transaction, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by insiders.

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.

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