Wealthspire Advisors LLC Has $3.33 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Wealthspire Advisors LLC has increased its holdings in TJX Companies by 82.2%, acquiring an additional 12,329 shares to total 27,322 shares worth $3,328,000.
• The company reported earnings per share of $0.92 for the last quarter, surpassing analyst expectations, with revenues of $13.11 billion, a 5.1% increase year-over-year.
• TJX Companies declared a quarterly dividend of $0.425, with a payout ratio of 40%, reflecting a 1.3% annual yield for shareholders.

Wealthspire Advisors LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 82.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,322 shares of the apparel and home fashions retailer's stock after buying an additional 12,329 shares during the period. Wealthspire Advisors LLC's holdings in TJX Companies were worth $3,328,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after buying an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after acquiring an additional 235 shares during the last quarter. Trek Financial LLC boosted its position in shares of TJX Companies by 6.9% during the 4th quarter. Trek Financial LLC now owns 3,151 shares of the apparel and home fashions retailer's stock valued at $381,000 after purchasing an additional 204 shares in the last quarter. Shelton Capital Management grew its stake in shares of TJX Companies by 57.2% in the 4th quarter. Shelton Capital Management now owns 137,899 shares of the apparel and home fashions retailer's stock worth $16,660,000 after purchasing an additional 50,182 shares during the last quarter. Finally, FIL Ltd raised its holdings in shares of TJX Companies by 12.6% in the 4th quarter. FIL Ltd now owns 147,680 shares of the apparel and home fashions retailer's stock worth $17,841,000 after purchasing an additional 16,492 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays restated an "overweight" rating and set a $147.00 target price (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Loop Capital set a $150.00 price objective on TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their target price on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Finally, Cowen reaffirmed a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $141.06.

TJX Companies Stock Down 0.3%

Shares of NYSE TJX traded down $0.34 during mid-day trading on Friday, reaching $131.64. The company had a trading volume of 4,629,642 shares, compared to its average volume of 4,777,224. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The company has a market capitalization of $147.06 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 3.08 and a beta of 0.89. The stock has a fifty day moving average of $125.32 and a two-hundred day moving average of $124.71. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85.

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

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.3%. TJX Companies's payout ratio is 40.00%.

TJX Companies 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.