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WealthShield Partners LLC Purchases 3,818 Shares of The TJX Companies, Inc. (NYSE:TJX)

TJX Companies logo with Retail/Wholesale background

Key Points

  • WealthShield Partners LLC increased its stake in The TJX Companies, Inc. by 14.2% to own a total of 30,688 shares, valued at approximately $3.74 million.
  • The company reported a quarterly earnings per share of $0.92, surpassing analysts' expectations by $0.02, with revenue of $13.11 billion, a 5.1% increase year-over-year.
  • Recent upgrades from various analysts have led to a consensus rating of "Buy" for TJX, with a target price reaching $141.06.
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WealthShield Partners LLC increased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,688 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,818 shares during the quarter. WealthShield Partners LLC's holdings in TJX Companies were worth $3,738,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TJX. TCTC Holdings LLC boosted its stake in 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 in the last quarter. Atlantic Edge Private Wealth Management LLC boosted 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 purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC grew its holdings 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 worth $36,000 after purchasing an additional 149 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of TJX Companies during the 1st quarter worth about $37,000. Finally, Rialto Wealth Management LLC boosted its position in TJX Companies by 105.9% in the first 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 in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the company an "overweight" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. increased their target price on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Daiwa Capital Markets initiated coverage on TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price for the company. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $141.06.

Check Out Our Latest Report on TJX

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the company's 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 owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company's stock.

TJX Companies Trading Down 0.1%

Shares of TJX stock traded down $0.13 on Thursday, hitting $131.97. The stock had a trading volume of 6,152,817 shares, compared to its average volume of 4,722,042. 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 TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85. The company has a fifty day moving average price of $125.32 and a two-hundred day moving average price of $124.71. The firm has a market cap of $147.42 billion, a P/E ratio of 31.05, a PEG ratio of 3.08 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The company's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

About TJX Companies

(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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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