Smithbridge Asset Management Inc. DE Acquires New Position in The TJX Companies, Inc. (NYSE:TJX)

Smithbridge Asset Management Inc. DE bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 71,130 shares of the apparel and home fashions retailer's stock, valued at approximately $8,664,000. TJX Companies comprises 1.6% of Smithbridge Asset Management Inc. DE's portfolio, making the stock its 22nd biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in TJX Companies by 1.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock valued at $603,000 after purchasing an additional 84 shares in the last quarter. Nwam LLC raised its stake in TJX Companies by 2.0% during the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after purchasing an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC raised its stake in TJX Companies by 5.0% during the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after purchasing an additional 86 shares in the last quarter. Amplius Wealth Advisors LLC raised its stake in TJX Companies by 4.2% during the first quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after purchasing an additional 93 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in TJX Companies by 0.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 10,617 shares of the apparel and home fashions retailer's stock valued at $1,283,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 0.6%

TJX Companies stock traded down $0.71 during midday trading on Friday, hitting $123.75. 3,786,474 shares of the company's stock were exchanged, compared to its average volume of 5,206,902. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The firm has a 50-day moving average of $127.83 and a two-hundred day moving average of $124.22. The company has a market cap of $138.25 billion, a PE ratio of 29.12, a P/E/G ratio of 2.75 and a beta of 0.90.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same period in the prior year, the business earned $0.93 EPS. The firm's quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced 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 1.37%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction that occurred 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 owns 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TJX. TD Securities upped their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Barclays reaffirmed an "overweight" rating and set a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. Finally, Cowen reissued a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of "Moderate Buy" and an average target price of $141.53.

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.