LPL Financial LLC increased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,082,975 shares of the apparel and home fashions retailer's stock after buying an additional 73,589 shares during the period. LPL Financial LLC owned about 0.10% of TJX Companies worth $131,906,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC lifted its holdings in 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 in the last quarter. Revolve Wealth Partners LLC lifted its holdings in 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 in the last quarter. Allianz SE purchased a new position in TJX Companies in the 4th quarter valued at about $334,000. O Shaughnessy Asset Management LLC lifted its holdings in TJX Companies by 9.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 198,685 shares of the apparel and home fashions retailer's stock valued at $24,003,000 after purchasing an additional 17,952 shares in the last quarter. Finally, Axiom Investors LLC DE lifted its holdings in TJX Companies by 3.2% in the 4th quarter. Axiom Investors LLC DE now owns 42,788 shares of the apparel and home fashions retailer's stock valued at $5,169,000 after purchasing an additional 1,343 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.
TJX Companies Stock Down 0.9%
TJX opened at $125.28 on Tuesday. The firm has a 50 day moving average price of $125.39 and a 200 day moving average price of $124.35. The company has a market cap of $139.95 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16.
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 (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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 given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.
Insider Transactions at TJX Companies
In other TJX Companies news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company's stock.
Analysts Set New Price Targets
A number of research firms have issued reports on TJX. TD Securities upped their target price on shares of 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 report on Wednesday, May 21st. Daiwa Capital Markets began coverage on shares of TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price on the stock. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the company an "overweight" rating in a research note 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, the stock presently has an average rating of "Buy" and an average target price of $141.06.
Read Our Latest Report on TJX Companies
TJX Companies Company Profile
(
Free Report)
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.
Further Reading
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