Wayfinding Financial LLC Buys New Shares in The TJX Companies, Inc. (NYSE:TJX)

Wayfinding Financial LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,007 shares of the apparel and home fashions retailer’s stock, valued at approximately $122,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at about $30,000. Inlight Wealth Management LLC acquired a new position in TJX Companies in the first quarter valued at approximately $37,000. Rialto Wealth Management LLC lifted its stake in TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock valued at $42,000 after buying an additional 179 shares during the period. Proathlete Wealth Management LLC acquired a new position in shares of TJX Companies during the 1st quarter valued at $52,000. Finally, Coppell Advisory Solutions LLC lifted its position in shares of TJX Companies by 31.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 435 shares of the apparel and home fashions retailer’s stock valued at $53,000 after acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the 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 completion of the sale, the director directly owned 22,712 shares of the company’s stock, 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. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TJX. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Wednesday, May 21st. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the company an “overweight” rating in a report on Thursday, May 22nd. Robert W. Baird upped their price target on TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. upped their price target on TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, June 2nd. Finally, Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.53.

TJX Companies Trading Up 0.5%

NYSE TJX opened at $125.98 on Friday. The firm has a market capitalization of $140.73 billion, a P/E ratio of 29.64, a PEG ratio of 2.94 and a beta of 0.88. The business has a fifty day simple moving average of $127.16 and a 200 day simple moving average of $124.05. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX) last released its quarterly earnings results 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. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. TJX Companies’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS. On average, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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 given a dividend of $0.425 per share. 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 payout ratio is 40.00%.

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.