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The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Motley Fool Asset Management LLC

TJX Companies logo with Retail/Wholesale background

Key Points

  • Motley Fool Asset Management LLC increased its stake in The TJX Companies by 18.7%, acquiring 9,787 shares in the first quarter, bringing its total holdings to 62,246 shares valued at approximately $7.58 million.
  • Several institutional investors, including Brighton Jones LLC and Revolve Wealth Partners LLC, have also significantly increased their holdings in TJX Companies, demonstrating heightened investor interest in the retailer.
  • Wall Street analysts maintain a consensus “Buy” rating for TJX Companies, with an average target price of $141.06, indicating optimistic expectations for the stock's growth potential.
  • Looking to export and analyze TJX Companies data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Motley Fool Asset Management LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,246 shares of the apparel and home fashions retailer's stock after buying an additional 9,787 shares during the period. Motley Fool Asset Management LLC's holdings in TJX Companies were worth $7,582,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Clear Creek Financial Management LLC lifted its holdings in shares of 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 valued at $586,000 after acquiring an additional 83 shares during the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of TJX Companies by 2.2% in 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 lifted its holdings in shares of TJX Companies by 4.2% in the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after acquiring an additional 93 shares during the last quarter. Aaron Wealth Advisors LLC lifted its holdings in shares of TJX Companies by 0.7% in the 1st quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock valued at $1,724,000 after acquiring an additional 96 shares during the last quarter. Finally, Horizon Wealth Management LLC lifted its holdings in shares of TJX Companies by 2.0% in the 1st quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer's stock valued at $602,000 after acquiring an additional 99 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Down 0.8%

Shares of TJX stock traded down $1.11 during trading hours on Thursday, reaching $132.99. 3,763,205 shares of the company's stock were exchanged, compared to its average volume of 5,292,755. The stock's 50 day moving average is $125.72 and its 200-day moving average is $124.99. The company has a market cap of $148.56 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 3.11 and a beta of 0.89. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a fifty-two week low of $110.24 and a fifty-two week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly 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 business had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given 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 1.3%. TJX Companies's dividend payout ratio is presently 40.00%.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TJX shares. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Barclays reissued an "overweight" rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. TD Securities raised their target price on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of "Buy" and a consensus target price of $141.33.

Check Out Our Latest Analysis on TJX

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.

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

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