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

Parr Mcknight Wealth Management Group LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,840 shares of the apparel and home fashions retailer's stock after purchasing 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.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after acquiring an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after purchasing an additional 235 shares in the last quarter. Proficio Capital Partners LLC raised its position in TJX Companies by 62.3% during the fourth quarter. Proficio Capital Partners LLC now owns 4,473 shares of the apparel and home fashions retailer's stock valued at $540,000 after acquiring an additional 1,717 shares in the last quarter. Simplicity Wealth LLC bought a new position in TJX Companies during the fourth quarter valued at approximately $222,000. Finally, Moran Wealth Management LLC raised its position in TJX Companies by 2.8% during the fourth quarter. Moran Wealth Management LLC now owns 5,735 shares of the apparel and home fashions retailer's stock valued at $693,000 after acquiring an additional 154 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

TJX stock opened at $125.61 on Thursday. 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 $140.32 billion, a PE ratio of 29.56, a P/E/G ratio of 2.92 and a beta of 0.88. The business has a 50 day moving average of $127.00 and a 200-day moving average of $124.11. 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 issued its quarterly 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. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. TJX Companies's revenue was up 5.1% on a year-over-year basis. During the same period last year, the business posted $0.93 earnings per share. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Daiwa Capital Markets initiated coverage on TJX Companies in a report on Tuesday. They set an "outperform" rating and a $133.00 price target on the stock. UBS Group reiterated a "buy" rating and issued a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Robert W. Baird boosted their price objective on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Loop Capital set a $150.00 price target on TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a report on Tuesday. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, TJX Companies presently has an average rating of "Buy" and a consensus price target of $141.06.

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.

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