IAG Wealth Partners LLC increased its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 188.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 577 shares of the apparel and home fashions retailer’s stock after purchasing an additional 377 shares during the quarter. IAG Wealth Partners LLC’s holdings in TJX Companies were worth $49,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Adero Partners LLC grew its stake in shares of TJX Companies by 4.5% during the second quarter. Adero Partners LLC now owns 2,807 shares of the apparel and home fashions retailer’s stock worth $238,000 after purchasing an additional 121 shares during the period. First Business Financial Services Inc. increased its stake in shares of TJX Companies by 0.7% in the 2nd quarter. First Business Financial Services Inc. now owns 18,064 shares of the apparel and home fashions retailer’s stock valued at $1,532,000 after acquiring an additional 121 shares during the last quarter. Chatham Capital Group Inc. raised its position in shares of TJX Companies by 1.7% in the 2nd quarter. Chatham Capital Group Inc. now owns 7,627 shares of the apparel and home fashions retailer’s stock valued at $647,000 after acquiring an additional 125 shares during the period. Alpha Financial Partners LLC boosted its stake in TJX Companies by 2.5% during the 1st quarter. Alpha Financial Partners LLC now owns 5,337 shares of the apparel and home fashions retailer’s stock worth $418,000 after acquiring an additional 129 shares during the last quarter. Finally, Tradition Wealth Management LLC grew its holdings in TJX Companies by 3.7% during the first quarter. Tradition Wealth Management LLC now owns 3,672 shares of the apparel and home fashions retailer’s stock valued at $288,000 after purchasing an additional 132 shares during the period. 89.28% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. Barclays increased their target price on shares of TJX Companies from $95.00 to $101.00 and gave the stock an “overweight” rating in a report on Tuesday, August 15th. Loop Capital increased their price target on TJX Companies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, September 6th. UBS Group upped their price target on shares of TJX Companies from $90.00 to $91.00 and gave the company a “neutral” rating in a report on Thursday, November 16th. Morgan Stanley lifted their target price on TJX Companies from $99.00 to $101.00 and gave the company an “overweight” rating in a research report on Thursday, November 16th. Finally, Evercore ISI started coverage on shares of TJX Companies in a report on Tuesday, November 7th. They issued an “outperform” rating and a $105.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $98.11.
Insider Activity at TJX Companies
In other TJX Companies news, EVP Kenneth Canestrari sold 4,197 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $90.00, for a total transaction of $377,730.00. Following the transaction, the executive vice president now owns 115,223 shares in the company, valued at approximately $10,370,070. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TJX Companies news, Chairman Carol Meyrowitz sold 64,817 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total value of $5,906,773.21. Following the sale, the chairman now owns 135,050 shares of the company’s stock, valued at approximately $12,307,106.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kenneth Canestrari sold 4,197 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total value of $377,730.00. Following the completion of the sale, the executive vice president now directly owns 115,223 shares in the company, valued at $10,370,070. The disclosure for this sale can be found here. Insiders sold 104,921 shares of company stock worth $9,490,639 in the last ninety days. 0.13% of the stock is owned by company insiders.
TJX Companies Trading Up 0.8 %
TJX stock opened at $89.54 on Tuesday. The TJX Companies, Inc. has a one year low of $72.92 and a one year high of $93.78. The stock has a market cap of $102.44 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company has a fifty day moving average price of $89.63 and a two-hundred day moving average price of $85.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.19 and a quick ratio of 0.56.
TJX Companies (NYSE:TJX – Get Free Report) last announced its earnings results on Wednesday, November 15th. The apparel and home fashions retailer reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. The business had revenue of $13.27 billion during the quarter, compared to the consensus estimate of $13.09 billion. TJX Companies had a net margin of 7.85% and a return on equity of 62.67%. TJX Companies’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 EPS. Equities analysts anticipate that The TJX Companies, Inc. will post 3.74 EPS for the current year.
TJX Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be issued a dividend of $0.3325 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.33 annualized dividend and a yield of 1.49%. TJX Companies’s payout ratio is currently 37.68%.
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.
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