The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,840 shares of the apparel and home fashions retailer's stock after buying an additional 4,579 shares during the period. Parr Mcknight Wealth Management Group LLC's holdings in TJX Companies were worth $4,974,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quotient Wealth Partners LLC lifted its stake in TJX Companies by 5.5% in the first quarter. Quotient Wealth Partners LLC now owns 7,245 shares of the apparel and home fashions retailer's stock valued at $882,000 after buying an additional 379 shares in the last quarter. Bridges Investment Management Inc. increased its stake in shares of TJX Companies by 1.0% during the first quarter. Bridges Investment Management Inc. now owns 151,484 shares of the apparel and home fashions retailer's stock worth $18,451,000 after purchasing an additional 1,526 shares during the period. Nisa Investment Advisors LLC boosted its holdings in TJX Companies by 0.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 383,499 shares of the apparel and home fashions retailer's stock valued at $46,710,000 after purchasing an additional 1,427 shares during the period. Rehmann Capital Advisory Group increased its position in shares of TJX Companies by 3.8% in the first quarter. Rehmann Capital Advisory Group now owns 10,066 shares of the apparel and home fashions retailer's stock worth $1,226,000 after purchasing an additional 366 shares during the period. Finally, Cornerstone Planning Group LLC raised its position in TJX Companies by 85.2% during the first quarter. Cornerstone Planning Group LLC now owns 961 shares of the apparel and home fashions retailer's stock valued at $121,000 after purchasing an additional 442 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research report on Tuesday. Finally, Robert W. Baird lifted their price objective on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $141.06.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.13% of the company's stock.

TJX Companies Trading Down 1.0%

Shares of NYSE:TJX traded down $1.31 during trading hours on Thursday, hitting $124.14. 5,051,120 shares of the company's stock traded hands, compared to its average volume of 5,200,165. The business has a fifty day moving average price of $127.00 and a 200-day moving average price of $124.11. 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 TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The firm has a market capitalization of $138.68 billion, a P/E ratio of 29.21, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share 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 for the quarter, compared to analyst estimates of $13.01 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The company's revenue was up 5.1% on a year-over-year basis. Equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid 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 1.37%. TJX Companies's payout ratio is currently 40.00%.

About TJX Companies

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.