Single Point Partners LLC Has $289,000 Stake in The TJX Companies, Inc. (NYSE:TJX)

Single Point Partners LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 36.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,376 shares of the apparel and home fashions retailer’s stock after purchasing an additional 636 shares during the quarter. Single Point Partners LLC’s holdings in TJX Companies were worth $289,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings in TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after buying an additional 235 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of TJX Companies during the fourth quarter worth about $2,138,000. Golden State Wealth Management LLC bought a new position in shares of TJX Companies during the fourth quarter worth about $283,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in TJX Companies in the 4th quarter valued at approximately $30,000. Institutional investors own 91.09% of the company’s stock.

Insider Activity

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm’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 transaction of $121,685.50. Following the completion of the sale, the director now directly owns 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.9%

TJX Companies stock opened at $128.55 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a 50-day simple moving average of $127.63 and a 200 day simple moving average of $124.17. The stock has a market capitalization of $143.60 billion, a P/E ratio of 30.25, a PEG ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 52 week low of $106.18 and a 52 week high of $135.85.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th were issued a $0.425 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, May 15th. TJX Companies’s payout ratio is currently 40.00%.

Analyst Ratings Changes

Several research firms have commented on TJX. Robert W. Baird boosted 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. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. UBS Group restated a “buy” rating and set a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. BMO Capital Markets reiterated an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, TD Securities boosted 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. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $141.53.

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.