TD Private Client Wealth LLC Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

TD Private Client Wealth LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 21.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,776 shares of the apparel and home fashions retailer's stock after buying an additional 2,598 shares during the quarter. TD Private Client Wealth LLC's holdings in TJX Companies were worth $1,800,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter worth approximately $30,000. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 110 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of TJX Companies in the first quarter worth approximately $37,000. Rialto Wealth Management LLC boosted its stake in shares of 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 worth $42,000 after acquiring an additional 179 shares during the last quarter. Finally, Proathlete Wealth Management LLC acquired a new stake in shares of TJX Companies in the first quarter worth approximately $52,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Trading Down 0.7%

NYSE:TJX traded down $0.92 on Thursday, reaching $124.53. The company's stock had a trading volume of 1,042,412 shares, compared to its average volume of 5,377,789. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. 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 firm has a market cap of $139.11 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 2.92 and a beta of 0.88. The stock has a 50 day moving average price of $127.00 and a 200 day moving average price of $124.11.

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 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 company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The company's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed 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. 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 is presently 40.00%.

Analyst Ratings Changes

A number of analysts have recently issued reports on TJX shares. Daiwa Capital Markets started coverage on TJX Companies in a research note on Tuesday. They issued an "outperform" rating and a $133.00 price target on the stock. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Daiwa America raised TJX Companies to a "strong-buy" rating in a research note on Tuesday. One 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $141.06.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

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.