The TJX Companies, Inc. (NYSE:TJX) Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,776 shares of the apparel and home fashions retailer's stock after buying an additional 2,598 shares during the period. TD Private Client Wealth LLC's holdings in TJX Companies were worth $1,800,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new stake in TJX Companies in the 4th quarter valued at about $30,000. Atlantic Edge Private Wealth Management LLC lifted its position 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 purchasing an additional 110 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies in the first quarter worth $37,000. Rialto Wealth Management LLC increased its holdings in TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after buying an additional 179 shares during the last quarter. Finally, Proathlete Wealth Management LLC acquired a new position in shares of TJX Companies in the first quarter valued at $52,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Up 0.3%

NYSE:TJX traded up $0.35 during midday trading on Wednesday, hitting $125.61. 3,817,986 shares of the company traded hands, compared to its average volume of 5,193,461. The firm's fifty day moving average is $127.06 and its 200-day moving average is $124.10. The firm has a market capitalization of $140.32 billion, a P/E ratio of 29.56, a P/E/G ratio of 2.92 and a beta of 0.88. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. 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 posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The business's revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company 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. This represents a $1.70 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TJX shares. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research report on Wednesday, May 21st. TD Securities increased their price target on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Finally, Barclays reiterated an "overweight" rating and issued a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $141.06.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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.