NWK Group Inc. Purchases New Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• NWK Group Inc. has acquired a new stake in The TJX Companies, Inc., purchasing 15,447 shares valued at approximately $1.88 million, which represents 0.9% of its investment portfolio.
• Institutional investors hold 91.09% of TJX's stock, indicating strong confidence in the company's performance.
• TJX Companies has recently announced a quarterly dividend of $0.425 per share, set to be paid on September 4th, reflecting a 1.3% yield.

NWK Group Inc. purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,447 shares of the apparel and home fashions retailer's stock, valued at approximately $1,881,000. TJX Companies comprises approximately 0.9% of NWK Group Inc.'s portfolio, making the stock its 24th largest holding.

Other large investors also recently modified their holdings of the company. TCTC Holdings LLC increased its holdings in TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after purchasing an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC increased its holdings in 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 purchasing an additional 110 shares during the period. Iron Horse Wealth Management LLC increased its holdings in TJX Companies by 99.3% in the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new stake in TJX Companies in the first quarter valued at $37,000. Finally, Rialto Wealth Management LLC increased its holdings in TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after purchasing an additional 179 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TJX shares. 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. TD Securities increased their price objective on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Loop Capital set a $150.00 price objective on TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Daiwa Capital Markets initiated coverage on TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target for the company. Finally, UBS Group reiterated a "buy" rating and set a $164.00 price target (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $141.06.

TJX Companies Stock Down 0.3%

Shares of TJX traded down $0.34 during trading hours on Friday, hitting $131.64. The stock had a trading volume of 4,629,642 shares, compared to its average volume of 4,801,404. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The firm has a 50 day simple moving average of $125.41 and a 200-day simple moving average of $124.80. The firm has a market capitalization of $147.06 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85.

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 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion during 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 firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $0.93 EPS. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS 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. Investors of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.3%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

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.