Nvwm LLC Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Nvwm LLC increased its stake in The TJX Companies by 88.7% during the first quarter, owning 18,080 shares valued at $2.2 million as of the latest SEC filing.
• Major hedge funds also raised their positions in TJX, with over 91% of the company currently owned by institutional investors.
• Analysts have largely positive outlooks for TJX, with a consensus rating of "Buy" and a new average price target set at $141.06.

Nvwm LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 88.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 18,080 shares of the apparel and home fashions retailer's stock after buying an additional 8,499 shares during the period. Nvwm LLC's holdings in TJX Companies were worth $2,202,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TJX. Atlantic Edge Private Wealth Management LLC raised its position in shares of TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC increased its stake in TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new position in TJX Companies in the 1st quarter valued at $37,000. Rialto Wealth Management LLC lifted its position in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after acquiring an additional 179 shares during the period. Finally, Proathlete Wealth Management LLC bought a new stake in shares of TJX Companies during the 1st quarter valued at $52,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company's stock.

TJX Companies Trading Up 0.0%

TJX Companies stock traded up $0.03 during mid-day trading on Friday, hitting $126.29. 5,143,166 shares of the stock were exchanged, compared to its average volume of 4,623,807. The firm's fifty day simple moving average is $125.58 and its two-hundred day simple moving average is $124.30. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The stock has a market capitalization of $141.07 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.95 and a beta of 0.88.

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 for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same period last year, the business posted $0.93 EPS. The business's revenue was up 5.1% compared to the same quarter last year. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid 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 dividend payout ratio is presently 40.00%.

Wall Street Analyst Weigh In

TJX has been the subject of a number of analyst reports. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. UBS Group restated a "buy" rating and issued a $164.00 target price (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research report on Wednesday, May 21st. Barclays restated an "overweight" rating and set a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, TJX Companies presently has an average rating of "Buy" and an average price target of $141.06.

TJX Companies 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.