AE Wealth Management LLC grew its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 215,390 shares of the apparel and home fashions retailer's stock after buying an additional 2,039 shares during the period. AE Wealth Management LLC's holdings in TJX Companies were worth $26,234,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the stock. Hendershot Investments Inc. grew its holdings in shares of TJX Companies by 1.0% during the first quarter. Hendershot Investments Inc. now owns 251,387 shares of the apparel and home fashions retailer's stock valued at $30,619,000 after buying an additional 2,489 shares in the last quarter. Abel Hall LLC bought a new stake in shares of TJX Companies in the 1st quarter worth approximately $306,000. Wedbush Securities Inc. grew its stake in shares of TJX Companies by 14.3% in the 1st quarter. Wedbush Securities Inc. now owns 17,859 shares of the apparel and home fashions retailer's stock valued at $2,175,000 after purchasing an additional 2,229 shares during the period. City National Bank of Florida MSD grew its position in TJX Companies by 16.2% during the 1st quarter. City National Bank of Florida MSD now owns 2,138 shares of the apparel and home fashions retailer's stock worth $260,000 after acquiring an additional 298 shares during the last quarter. Finally, Roundview Capital LLC raised its stake in TJX Companies by 8.6% during the 1st quarter. Roundview Capital LLC now owns 24,786 shares of the apparel and home fashions retailer's stock worth $3,019,000 after buying an additional 1,970 shares during the period. Institutional investors own 91.09% of the company's stock.
Insider Transactions at TJX Companies
In related news, Director Amy B. Lane sold 950 shares of the company'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 sale, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.
TJX Companies Price Performance
NYSE:TJX opened at $126.30 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The firm has a market cap of $141.09 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 2.92 and a beta of 0.88. The company has a 50 day moving average price of $126.19 and a 200-day moving average price of $124.15. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85.
TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. The firm's revenue was up 5.1% compared to the same quarter last year. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.
TJX Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.35%. TJX Companies's payout ratio is currently 40.00%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Cowen restated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. UBS Group reissued a "buy" rating and issued a $164.00 price objective (up previously from $154.00) on shares of TJX Companies 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 report on Wednesday, May 21st. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Finally, Barclays reiterated an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One research 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, the company presently has a consensus rating of "Buy" and a consensus target price of $141.06.
Check Out Our Latest Stock Report on TJX
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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