Thompson Davis & CO. Inc. Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Thompson Davis & CO. Inc. invested approximately $423,000 to purchase 3,475 shares in The TJX Companies, Inc. during the first quarter, reflecting growing institutional interest in the retailer.
• Multiple analysts have upgraded their ratings on TJX companies, with the stock currently holding a consensus rating of "Buy" and a target price of $141.33.
• The recent earnings report showed a net margin of 8.47% and a revenue increase of 5.1% year-over-year, while the company announced a quarterly dividend of $0.425, yielding 1.3%.

Thompson Davis & CO. Inc. purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 3,475 shares of the apparel and home fashions retailer's stock, valued at approximately $423,000.

Other large investors have also recently bought and sold shares of the company. TCTC Holdings LLC grew its stake in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC grew its stake in shares of TJX Companies by 58.8% in 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 grew its stake in shares of 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 buying an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new stake in shares of TJX Companies in the 1st quarter valued at about $37,000. Finally, Rialto Wealth Management LLC grew its stake in shares of 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 buying an additional 179 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on 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 in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TJX shares. Robert W. Baird raised their target price on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Macquarie restated a "buy" rating on shares of TJX Companies in a research note on Monday. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, TD Securities raised their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $141.33.

TJX Companies Trading Down 0.8%

NYSE:TJX opened at $132.99 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $148.56 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 3.13 and a beta of 0.89. The firm's 50 day moving average is $125.83 and its 200 day moving average is $125.05. The TJX Companies, Inc. has a 12 month low of $110.24 and a 12 month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. TJX Companies's revenue was up 5.1% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is currently 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.

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