Sagespring Wealth Partners LLC Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Sagespring Wealth Partners LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,666 shares of the apparel and home fashions retailer's stock after buying an additional 3,670 shares during the quarter. Sagespring Wealth Partners LLC's holdings in TJX Companies were worth $5,928,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bogart Wealth LLC bought a new position in shares of TJX Companies in the 4th quarter worth approximately $25,000. Millstone Evans Group LLC bought a new position in shares of TJX Companies in the 4th quarter worth approximately $30,000. Promus Capital LLC bought a new position in shares of TJX Companies in the 4th quarter worth approximately $32,000. Tacita Capital Inc bought a new position in shares of TJX Companies in the 4th quarter worth approximately $38,000. Finally, Rialto Wealth Management LLC lifted its stake in shares of TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 0.6%

TJX Companies stock opened at $123.75 on Monday. The firm's 50 day moving average price is $127.91 and its 200-day moving average price is $124.17. 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 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a market cap of $138.25 billion, a P/E ratio of 29.12, a PEG ratio of 2.75 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same period last year, the firm posted $0.93 earnings per share. TJX Companies's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities 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 announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TJX. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Barclays restated an "overweight" rating and set a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. Finally, Telsey Advisory Group restated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $141.53.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, the director now directly owns 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

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.

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