The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Biltmore Family Office LLC

Key Points

• Biltmore Family Office LLC has significantly increased its stake in TJX Companies by 734.3%, acquiring an additional 16,000 shares during the first quarter, bringing its total holdings to 18,179 shares valued at approximately $2.21 million.
• The company declared a quarterly dividend of $0.425 per share, which will be paid on September 4th, indicating an annualized dividend yield of 1.3% along with a payout ratio of 40%.
• TJX recently reported earnings of $0.92 per share, exceeding analysts' expectations, with a quarterly revenue of $13.11 billion, reflecting a year-over-year increase of 5.1%.

Biltmore Family Office LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 734.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,179 shares of the apparel and home fashions retailer's stock after buying an additional 16,000 shares during the quarter. Biltmore Family Office LLC's holdings in TJX Companies were worth $2,214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TJX. Clear Creek Financial Management LLC boosted its position in TJX Companies by 1.8% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after purchasing an additional 83 shares during the period. Salem Investment Counselors Inc. raised its stake in 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 valued at $485,000 after acquiring an additional 86 shares in the last quarter. Amplius Wealth Advisors LLC raised its stake in TJX Companies by 4.2% during the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after acquiring an additional 93 shares in the last quarter. Aaron Wealth Advisors LLC raised its stake in TJX Companies by 0.7% during the 1st quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock valued at $1,724,000 after acquiring an additional 96 shares in the last quarter. Finally, Horizon Wealth Management LLC raised its stake in TJX Companies by 2.0% during the 1st 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 in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $131.64 on Friday. 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 $147.06 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 3.07 and a beta of 0.89. The stock's fifty day simple moving average is $125.41 and its 200 day simple moving average is $124.79. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85.

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 analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 EPS. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.3%. TJX Companies's payout ratio is currently 40.00%.

Wall Street Analyst Weigh In

Several analysts have weighed in on TJX shares. Loop Capital set a $150.00 target price on TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Daiwa Capital Markets started coverage on TJX Companies in a research note on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price on the stock. Finally, Daiwa America raised TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. One equities research 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, the company presently has an average rating of "Buy" and an average price target of $141.06.

TJX Companies Company 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.

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