The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Burling Wealth Partners LLC

Burling Wealth Partners LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 19.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,007 shares of the apparel and home fashions retailer's stock after buying an additional 5,009 shares during the quarter. Burling Wealth Partners LLC's holdings in TJX Companies were worth $3,777,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at approximately $30,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of TJX Companies by 58.8% during the 1st 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 buying an additional 110 shares during the period. Iron Horse Wealth Management LLC increased its holdings in TJX Companies by 99.3% in the 1st 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 last quarter. Inlight Wealth Management LLC acquired a new stake in TJX Companies in the 1st quarter valued at approximately $37,000. Finally, Rialto Wealth Management LLC increased its holdings in TJX Companies by 105.9% in 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 purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Transactions at TJX Companies

In other TJX Companies 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 value of $121,685.50. Following the completion of the transaction, 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

Shares of NYSE:TJX traded up $0.01 on Friday, reaching $122.18. The company's stock had a trading volume of 3,464,315 shares, compared to its average volume of 5,200,774. The stock's 50-day moving average is $126.31 and its two-hundred day moving average is $124.09. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. 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 stock has a market capitalization of $136.49 billion, a P/E ratio of 28.75, a PEG ratio of 2.83 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last announced its 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 business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.39%. TJX Companies's dividend payout ratio is currently 40.00%.

Analyst Ratings Changes

TJX has been the subject of several research reports. Robert W. Baird lifted their target price on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. Cowen restated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Finally, Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. One 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 stock. According to MarketBeat, TJX Companies has a consensus rating of "Buy" and a consensus target price of $141.06.

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.