The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Argentarii LLC

Argentarii LLC boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,636 shares of the apparel and home fashions retailer’s stock after buying an additional 225 shares during the period. Argentarii LLC’s holdings in TJX Companies were worth $443,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Clear Creek Financial Management LLC grew its stake in TJX Companies by 1.8% during the 1st 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. One Charles Private Wealth Services LLC increased its holdings in TJX Companies by 5.0% in the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer’s stock valued at $218,000 after buying an additional 86 shares during the last quarter. Salem Investment Counselors Inc. lifted 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 buying an additional 86 shares during the last quarter. Amplius Wealth Advisors LLC increased its holdings in shares of TJX Companies by 4.2% in the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer’s stock valued at $283,000 after acquiring an additional 93 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its position 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 valued at $1,724,000 after acquiring an additional 96 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TJX. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, June 2nd. TD Securities raised their price target on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. UBS Group restated a “buy” rating and set a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Cowen reissued a “buy” rating on shares of TJX Companies in a research note on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $141.53.

Insider Activity at TJX Companies

In related 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 transaction of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $125.98 on Friday. The stock’s fifty day simple moving average is $127.16 and its 200 day simple moving average is $124.05. The stock has a market capitalization of $140.73 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 2.94 and a beta of 0.88. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85.

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

TJX Companies Announces Dividend

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

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.