Mission Wealth Management LP Has $1.36 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Mission Wealth Management LP increased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 27.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 11,197 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,412 shares during the quarter. Mission Wealth Management LP's holdings in TJX Companies were worth $1,364,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TJX. Brighton Jones LLC lifted its position in 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 during the last quarter. Revolve Wealth Partners LLC lifted its position 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 purchasing an additional 235 shares during the last quarter. Principal Securities Inc. lifted its position in shares of TJX Companies by 20.9% during the 4th quarter. Principal Securities Inc. now owns 35,098 shares of the apparel and home fashions retailer's stock worth $4,240,000 after purchasing an additional 6,056 shares during the last quarter. Allworth Financial LP boosted its stake in TJX Companies by 30.5% during the 4th quarter. Allworth Financial LP now owns 15,821 shares of the apparel and home fashions retailer's stock valued at $1,939,000 after purchasing an additional 3,697 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in TJX Companies in the 4th quarter valued at approximately $2,138,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Trading Up 0.3%

Shares of TJX stock opened at $124.27 on Tuesday. The company has a market capitalization of $138.83 billion, a P/E ratio of 29.24, a P/E/G ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $127.99 and a 200 day moving average price of $124.16.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share. Research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is presently 40.00%.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the 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 directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Loop Capital set a $150.00 price objective on TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. Robert W. Baird increased their price target on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. TD Securities boosted their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. JPMorgan Chase & Co. upped their price objective 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, UBS Group reissued a "buy" rating and set a $164.00 target price (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of "Moderate Buy" and a consensus price target 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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