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Maridea Wealth Management LLC Raises Position in The TJX Companies, Inc. (NYSE:TJX)

TJX Companies logo with Retail/Wholesale background

Key Points

  • Maridea Wealth Management LLC increased its stock holdings in The TJX Companies by 154.8% in the first quarter, acquiring a total of 7,031 shares valued at approximately $856,000.
  • Other institutional investors, including GAMMA Investing LLC and Capital Research Global Investors, also made significant investments in TJX, with GAMMA increasing its stake by 14,486.1%.
  • Analysts have set various price targets for TJX Companies, with the average target price currently at $141.06, reflecting a generally positive outlook with multiple "buy" ratings.
  • Interested in TJX Companies? Here are five stocks we like better.
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Maridea Wealth Management LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 154.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,031 shares of the apparel and home fashions retailer's stock after buying an additional 4,272 shares during the period. Maridea Wealth Management LLC's holdings in TJX Companies were worth $856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TJX. Clear Creek Financial Management LLC increased its stake in TJX Companies by 1.8% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after acquiring an additional 83 shares during the period. Salem Investment Counselors Inc. increased its stake 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 acquiring an additional 86 shares during the period. Amplius Wealth Advisors LLC increased its stake 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 acquiring an additional 93 shares during the period. Aaron Wealth Advisors LLC increased its stake in TJX Companies by 0.7% during the 1st quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock worth $1,724,000 after acquiring an additional 96 shares during the period. Finally, Horizon Wealth Management LLC increased its stake in TJX Companies by 2.0% during the 1st quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer's stock worth $602,000 after acquiring an additional 99 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.8%

NYSE TJX traded up $1.06 during trading on Tuesday, hitting $126.45. 5,543,283 shares of the company's stock traded hands, compared to its average volume of 4,385,988. The stock has a fifty day moving average of $125.39 and a two-hundred day moving average of $124.35. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. 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 cap of $141.26 billion, a P/E ratio of 29.75, a PEG ratio of 2.93 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion during 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 company's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. 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 is currently 40.00%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TJX shares. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research report on Wednesday, May 21st. TD Securities boosted their price objective on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Robert W. Baird boosted their target price on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $141.06.

Read Our Latest Stock Report on TJX Companies

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the 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 sale, the director directly 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

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

Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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