Simplicity Wealth LLC Boosts Position in The TJX Companies, Inc. (NYSE:TJX)

Simplicity Wealth LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 115.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,971 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,131 shares during the period. Simplicity Wealth LLC's holdings in TJX Companies were worth $484,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TJX. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in TJX Companies by 1.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock worth $603,000 after buying an additional 84 shares during the period. Nwam LLC lifted its holdings in shares of TJX Companies by 2.0% in the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock worth $524,000 after acquiring an additional 84 shares during the last quarter. One Charles Private Wealth Services LLC boosted its position in shares of TJX Companies by 5.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock worth $218,000 after purchasing an additional 86 shares during the period. Amplius Wealth Advisors LLC increased its holdings in TJX Companies by 4.2% in 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 purchasing an additional 93 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its position in TJX Companies by 0.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 10,617 shares of the apparel and home fashions retailer's stock valued at $1,283,000 after purchasing an additional 99 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Activity

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 shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

TJX traded down $0.60 on Friday, reaching $123.87. The company had a trading volume of 1,731,543 shares, compared to its average volume of 5,200,276. The TJX Companies, Inc. has a 1 year low of $106.89 and a 1 year high of $135.85. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $138.37 billion, a PE ratio of 29.16, a P/E/G ratio of 2.75 and a beta of 0.90. The stock has a 50-day moving average price of $127.83 and a 200-day moving average price of $124.22.

TJX Companies (NYSE:TJX - Get Free Report) last issued 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. The company had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. Cowen reissued a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, TJX Companies has an average rating of "Moderate Buy" and a consensus target price of $141.53.

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.