Petros Family Wealth LLC Grows Holdings in The TJX Companies, Inc. (NYSE:TJX)

Petros Family Wealth LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 164.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,415 shares of the apparel and home fashions retailer's stock after acquiring an additional 2,747 shares during the quarter. Petros Family Wealth LLC's holdings in TJX Companies were worth $538,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its stake 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 valued at $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in TJX Companies by 12.1% in 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 during the last quarter. Highview Capital Management LLC DE lifted its position in TJX Companies by 4.4% during the 4th quarter. Highview Capital Management LLC DE now owns 25,565 shares of the apparel and home fashions retailer's stock worth $3,089,000 after acquiring an additional 1,078 shares during the period. TCW Group Inc. increased its holdings in shares of TJX Companies by 2.2% in the fourth quarter. TCW Group Inc. now owns 15,818 shares of the apparel and home fashions retailer's stock valued at $1,911,000 after purchasing an additional 335 shares during the period. Finally, Howard Capital Management Inc. raised its holdings in shares of TJX Companies by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 7,663 shares of the apparel and home fashions retailer's stock worth $926,000 after purchasing an additional 392 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. UBS Group restated a "buy" rating and set a $164.00 price target (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. TD Securities boosted their price objective on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, TJX Companies currently has an average rating of "Moderate Buy" and a consensus price target of $141.53.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now owns 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 is accessible through the SEC website. Insiders own 0.13% of the company's stock.

TJX Companies Stock Down 0.1%

NYSE:TJX traded down $0.06 during midday trading on Tuesday, reaching $124.70. The company had a trading volume of 4,522,388 shares, compared to its average volume of 5,180,090. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The firm has a market capitalization of $139.30 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 2.92 and a beta of 0.90. 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 stock's fifty day simple moving average is $127.55 and its 200-day simple moving average is $124.08.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter last year, the business posted $0.93 EPS. The business's quarterly revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

About TJX Companies

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.