Wedbush Securities Inc. Acquires 2,229 Shares of The TJX Companies, Inc. (NYSE:TJX)

Wedbush Securities Inc. raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,859 shares of the apparel and home fashions retailer's stock after acquiring an additional 2,229 shares during the period. Wedbush Securities Inc.'s holdings in TJX Companies were worth $2,175,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC increased its holdings in shares of TJX Companies by 1.8% in the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after purchasing an additional 83 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after purchasing an additional 86 shares in the last quarter. Amplius Wealth Advisors LLC boosted its stake in shares of TJX Companies by 4.2% during the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock worth $283,000 after buying an additional 93 shares during the last quarter. Aaron Wealth Advisors LLC boosted its stake in shares of TJX Companies by 0.7% during the 1st quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock worth $1,724,000 after buying an additional 96 shares during the last quarter. Finally, Horizon Wealth Management LLC boosted its stake in shares of TJX Companies by 2.0% during the 1st quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer's stock worth $602,000 after buying an additional 99 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of the business'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 sale, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.13% of the company's stock.

TJX Companies Stock Down 0.1%

TJX Companies stock traded down $0.13 during midday trading on Thursday, hitting $126.23. 4,721,639 shares of the stock were exchanged, compared to its average volume of 4,808,420. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The stock has a market capitalization of $141.01 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88. The business's 50-day moving average price is $125.72 and its 200-day moving average price is $124.24. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly 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. The business had revenue of $13.11 billion for 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 firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 earnings per share. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price on the stock. Robert W. Baird increased their price target on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. TD Securities increased their price target on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One investment 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 data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $141.06.

About TJX Companies

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.