Spirepoint Private Client LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 72,071 shares of the apparel and home fashions retailer's stock after purchasing an additional 5,490 shares during the quarter. TJX Companies makes up 1.1% of Spirepoint Private Client LLC's investment portfolio, making the stock its 26th largest holding. Spirepoint Private Client LLC's holdings in TJX Companies were worth $8,778,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Nwam LLC lifted its position in TJX Companies by 2.0% during the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock worth $524,000 after acquiring an additional 84 shares during the last quarter. One Charles Private Wealth Services LLC increased its stake in shares of TJX Companies by 5.0% in the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock worth $218,000 after purchasing an additional 86 shares during the period. Salem Investment Counselors Inc. lifted its position in shares of TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after purchasing an additional 86 shares during the last quarter. Amplius Wealth Advisors LLC increased its position in TJX Companies by 4.2% in the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock worth $283,000 after buying an additional 93 shares during the period. Finally, Horizon Wealth Management LLC boosted its position in shares of TJX Companies by 2.0% in the first quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer's stock valued at $602,000 after acquiring an additional 99 shares during the period. Institutional investors own 91.09% of the company's stock.
TJX Companies Price Performance
TJX traded down $0.06 during trading on Tuesday, hitting $124.70. The company's stock had a trading volume of 4,512,554 shares, compared to its average volume of 5,401,453. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $139.30 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 2.92 and a beta of 0.90. The firm's 50 day moving average price is $127.55 and its two-hundred day moving average price is $124.08. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85.
TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the previous year, the business posted $0.93 earnings per share. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.
TJX Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.36%. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.
Analysts Set New Price Targets
Several equities analysts recently commented on TJX shares. UBS Group reiterated a "buy" rating and set a $164.00 target price (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Barclays reissued an "overweight" rating and set a $147.00 target price (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. boosted their price objective on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.
Check Out Our Latest Stock Report on TJX Companies
Insider Activity at TJX Companies
In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on 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 now directly owns 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.
About TJX Companies
(
Free Report)
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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