2,614 Shares in The TJX Companies, Inc. (NYSE:TJX) Purchased by MBL Wealth LLC

MBL Wealth LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,614 shares of the apparel and home fashions retailer’s stock, valued at approximately $288,000.

Other institutional investors have also recently bought and sold shares of the company. Franklin Street Advisors Inc. NC raised its position in shares of TJX Companies by 4.3% in the 2nd quarter. Franklin Street Advisors Inc. NC now owns 301,187 shares of the apparel and home fashions retailer’s stock valued at $33,161,000 after buying an additional 12,295 shares in the last quarter. 1858 Wealth Management LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at approximately $249,000. Everpar Advisors LLC raised its position in shares of TJX Companies by 18.9% in the 2nd quarter. Everpar Advisors LLC now owns 8,914 shares of the apparel and home fashions retailer’s stock valued at $981,000 after buying an additional 1,418 shares in the last quarter. Sutton Place Investors LLC raised its position in shares of TJX Companies by 0.7% in the 2nd quarter. Sutton Place Investors LLC now owns 18,138 shares of the apparel and home fashions retailer’s stock valued at $1,997,000 after buying an additional 119 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at approximately $262,000. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TJX shares. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Telsey Advisory Group upped their price objective on shares of TJX Companies from $115.00 to $128.00 and gave the stock an “outperform” rating in a research report on Wednesday. Morgan Stanley upped their price objective on shares of TJX Companies from $113.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. BMO Capital Markets upped their price objective on shares of TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Finally, Loop Capital upped their price objective on shares of TJX Companies from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.79.

Insider Activity

In other news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the sale, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the transaction, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at $11,089,300. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Amy B. Lane sold 1,500 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,003 shares of company stock valued at $5,060,941. 0.13% of the stock is currently owned by insiders.

TJX Companies Trading Down 0.0 %

TJX traded down $0.03 during trading on Friday, reaching $111.45. 4,656,333 shares of the company’s stock were exchanged, compared to its average volume of 5,384,507. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $115.35. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $125.96 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 2.90 and a beta of 0.88. The firm has a fifty day moving average price of $111.15 and a two-hundred day moving average price of $102.76.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same period in the prior year, the firm posted $0.76 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.12 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio is currently 37.22%.

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.