Miracle Mile Advisors LLC Acquires 2,131 Shares of The TJX Companies, Inc. (NYSE:TJX)

Miracle Mile Advisors LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,233 shares of the apparel and home fashions retailer's stock after acquiring an additional 2,131 shares during the quarter. Miracle Mile Advisors LLC's holdings in TJX Companies were worth $2,830,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TJX. Brighton Jones LLC grew its stake in shares of TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after acquiring an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC grew 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 acquiring an additional 235 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $2,138,000. Golden State Wealth Management LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $283,000. Finally, SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Up 0.9%

TJX opened at $128.55 on Monday. The TJX Companies, Inc. has a fifty-two week low of $106.18 and a fifty-two week high of $135.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a market capitalization of $143.60 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.75 and a beta of 0.90. The stock has a fifty day moving average of $127.63 and a 200-day moving average of $124.17.

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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The company's revenue was up 5.1% on a year-over-year basis. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.425 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.32%. This is an increase from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director now owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TJX. UBS Group reissued a "buy" rating and issued a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the company an "overweight" rating in a report on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. JPMorgan Chase & Co. increased their price objective on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Finally, Robert W. Baird increased their price objective on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Company 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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