Osprey Private Wealth LLC Purchases 2,225 Shares of The TJX Companies, Inc. (NYSE:TJX)

Osprey Private Wealth LLC raised its position in The TJX Companies, Inc. (NYSE:TJX) by 8.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 29,130 shares of the apparel and home fashions retailer’s stock after buying an additional 2,225 shares during the period. TJX Companies makes up 2.1% of Osprey Private Wealth LLC’s portfolio, making the stock its 21st biggest holding. Osprey Private Wealth LLC’s holdings in TJX Companies were worth $3,548,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bogart Wealth LLC acquired a new stake in TJX Companies during the fourth quarter worth approximately $25,000. Millstone Evans Group LLC acquired a new stake in TJX Companies during the fourth quarter worth approximately $30,000. Promus Capital LLC acquired a new stake in TJX Companies during the fourth quarter worth approximately $32,000. Tacita Capital Inc acquired a new stake in TJX Companies during the fourth quarter worth approximately $38,000. Finally, Rialto Wealth Management LLC grew its stake in TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock worth $42,000 after purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Down 0.2%

TJX stock opened at $124.34 on Friday. The TJX Companies, Inc. has a twelve month low of $106.89 and a twelve month high of $135.85. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average is $127.83 and its 200-day moving average is $124.22. The firm has a market capitalization of $138.90 billion, a PE ratio of 29.26, a P/E/G ratio of 2.75 and a beta of 0.90.

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

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. TJX Companies’s dividend payout ratio (DPR) is currently 40.00%.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now directly owns 22,712 shares in the company, valued at approximately $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 can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TJX has been the subject of several recent analyst reports. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a research note on Wednesday, May 21st. JPMorgan Chase & Co. raised their price objective on TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, June 2nd. Cowen reissued a “buy” rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, Loop Capital set a $150.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $141.53.

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.