Mediolanum International Funds Ltd raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 568,386 shares of the apparel and home fashions retailer's stock after purchasing an additional 37,162 shares during the period. TJX Companies accounts for approximately 0.9% of Mediolanum International Funds Ltd's holdings, making the stock its 20th biggest position. Mediolanum International Funds Ltd owned 0.05% of TJX Companies worth $67,189,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Clear Creek Financial Management LLC increased its stake 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 worth $586,000 after acquiring an additional 83 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in shares of 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 valued at $485,000 after acquiring an additional 86 shares during the last quarter. Amplius Wealth Advisors LLC grew its holdings in shares of TJX Companies by 4.2% in the first quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after purchasing an additional 93 shares in the last quarter. Aaron Wealth Advisors LLC increased its position in TJX Companies by 0.7% in the first quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock worth $1,724,000 after purchasing an additional 96 shares during the last quarter. Finally, Horizon Wealth Management LLC raised its stake in TJX Companies by 2.0% during 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 purchasing an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. TD Securities increased their price target 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. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. Robert W. Baird upped their price objective on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. One equities research 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 stock. Based on data from MarketBeat, TJX Companies has an average rating of "Buy" and an average price target of $141.06.
Get Our Latest Research Report on TJX Companies
TJX Companies Stock Up 0.0%
Shares of NYSE:TJX opened at $126.29 on Friday. The business's 50 day moving average is $125.58 and its 200 day moving average is $124.28. The stock has a market cap of $141.07 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34.
TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share 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 analysts' expectations 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 for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 EPS. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.
TJX Companies Dividend Announcement
The firm also recently announced 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 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.
Insider Buying and Selling
In other news, Director Amy B. Lane sold 950 shares of the company's 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 approximately $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company's stock.
TJX Companies Company Profile
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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.
See Also
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