The TJX Companies, Inc. (NYSE:TJX) Stock Position Raised by Argentarii LLC

Argentarii LLC grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 3,636 shares of the apparel and home fashions retailer’s stock after acquiring 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.

Several other large investors have also made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in TJX Companies in the fourth quarter worth approximately $30,000. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock valued at $36,000 after purchasing an additional 110 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in TJX Companies in the first quarter worth $37,000. Rialto Wealth Management LLC increased its position 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 buying an additional 179 shares during the last quarter. Finally, Proathlete Wealth Management LLC acquired a new position in TJX Companies during the first quarter worth $52,000. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TJX. Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. UBS Group restated a “buy” rating and issued a $164.00 target price (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. JPMorgan Chase & Co. upped their target price on 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 lifted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Finally, Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.53.

Insider Buying and Selling at TJX Companies

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 stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director directly owned 22,712 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $125.98 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The company has a market cap of $140.73 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. The firm has a fifty day moving average price of $127.16 and a two-hundred day moving average price of $124.05. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company 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. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. TJX Companies’s dividend payout ratio is currently 40.00%.

TJX Companies 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.