Apollon Wealth Management LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,542 shares of the apparel and home fashions retailer's stock after buying an additional 2,092 shares during the period. Apollon Wealth Management LLC's holdings in TJX Companies were worth $4,329,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in TJX. Shell Asset Management Co. boosted its holdings in TJX Companies by 16.5% in the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock worth $3,524,000 after acquiring an additional 4,128 shares in the last quarter. Pathstone Holdings LLC raised its stake in shares of TJX Companies by 10.1% in the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock worth $88,992,000 after purchasing an additional 67,853 shares during the last quarter. Ethic Inc. raised its stake in shares of TJX Companies by 21.1% in the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock worth $20,196,000 after purchasing an additional 29,158 shares during the last quarter. Fiduciary Trust Co raised its stake in shares of TJX Companies by 5.2% in the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock worth $349,284,000 after purchasing an additional 144,113 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in shares of TJX Companies by 2.2% in the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock worth $46,989,000 after purchasing an additional 8,319 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.
Insiders Place Their Bets
In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's 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 of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.
TJX Companies Price Performance
Shares of NYSE:TJX traded up $0.04 during trading on Friday, reaching $122.21. The stock had a trading volume of 1,708,503 shares, compared to its average volume of 5,193,985. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The business has a fifty day moving average price of $126.31 and a 200-day moving average price of $124.09. The stock has a market cap of $136.52 billion, a PE ratio of 28.76, a PEG ratio of 2.83 and a beta of 0.88. 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.
TJX Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.
Wall Street Analyst Weigh In
TJX has been the subject of several research analyst reports. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Cowen reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Daiwa Capital Markets initiated coverage on TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target for the company. TD Securities lifted their price target on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One equities 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. According to MarketBeat.com, TJX Companies presently has an average rating of "Buy" and an average target price of $141.06.
Read Our Latest Stock Report on TJX
TJX Companies Company Profile
(
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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