Turtle Creek Wealth Advisors LLC Purchases 34,378 Shares of The TJX Companies, Inc. (NYSE:TJX)

Turtle Creek Wealth Advisors LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 129.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,891 shares of the apparel and home fashions retailer's stock after buying an additional 34,378 shares during the quarter. TJX Companies makes up approximately 1.1% of Turtle Creek Wealth Advisors LLC's portfolio, making the stock its 25th biggest position. Turtle Creek Wealth Advisors LLC's holdings in TJX Companies were worth $7,417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Millstone Evans Group LLC purchased a new position in shares of TJX Companies in the fourth quarter worth about $30,000. Atlantic Edge Private Wealth Management LLC lifted its position in TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC boosted its stake in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC purchased a new position in shares of TJX Companies in the first quarter worth $37,000. Finally, Rialto Wealth Management LLC raised its holdings in TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after buying an additional 179 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. Daiwa Capital Markets initiated 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. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. Cowen reissued a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Finally, Barclays reaffirmed an "overweight" rating and set a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $141.06.

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 950 shares of the firm's 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 sale, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Down 0.1%

TJX Companies stock traded down $0.17 during trading hours on Monday, hitting $123.54. The stock had a trading volume of 4,651,191 shares, compared to its average volume of 5,395,129. The stock's 50-day moving average price is $126.82 and its 200-day moving average price is $124.12. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. 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 $138.00 billion, a P/E ratio of 29.07, a price-to-earnings-growth ratio of 2.89 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.38%. TJX Companies's payout ratio is 40.00%.

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.