Rational Advisors Inc. Purchases New Stake in The TJX Companies, Inc. (NYSE:TJX)

Rational Advisors Inc. purchased a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,000 shares of the apparel and home fashions retailer's stock, valued at approximately $3,654,000.

A number of other large investors have also added to or reduced their stakes in TJX. Millstone Evans Group LLC purchased a new position in TJX Companies during the 4th quarter valued at about $30,000. Atlantic Edge Private Wealth Management LLC increased its stake in shares of TJX Companies by 58.8% during 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 during the period. Inlight Wealth Management LLC purchased a new stake in TJX Companies in the first quarter worth $37,000. Rialto Wealth Management LLC boosted 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 acquiring an additional 179 shares in the last quarter. Finally, Proathlete Wealth Management LLC purchased a new position in TJX Companies during the 1st quarter valued at $52,000. Institutional investors own 91.09% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on TJX shares. Barclays reiterated an "overweight" rating and set a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, TD Securities lifted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $141.06.

Insider Buying and Selling

In other TJX Companies 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 transaction of $121,685.50. Following the completion of the sale, the director owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company's stock.

TJX Companies Price Performance

NYSE TJX opened at $123.69 on Friday. The stock has a market capitalization of $138.17 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.90 and a beta of 0.88. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. 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 business's fifty day moving average price is $126.82 and its 200-day moving average price is $124.13.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $13.01 billion. During the same period last year, the firm posted $0.93 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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

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