The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Unique Wealth LLC

Unique Wealth LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 9.5% in the first quarter, HoldingsChannel reports. The fund owned 2,177 shares of the apparel and home fashions retailer’s stock after purchasing an additional 188 shares during the period. Unique Wealth LLC’s holdings in TJX Companies were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of TJX. Brighton Jones LLC lifted its holdings in TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after acquiring an additional 8,002 shares during the period. Revolve Wealth Partners LLC increased its position in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after buying an additional 235 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of TJX Companies by 1.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 34,231 shares of the apparel and home fashions retailer’s stock valued at $4,136,000 after buying an additional 531 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its position in shares of TJX Companies by 1.6% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 13,219 shares of the apparel and home fashions retailer’s stock valued at $1,597,000 after buying an additional 206 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of TJX Companies by 1.3% in the fourth quarter. Bleakley Financial Group LLC now owns 21,028 shares of the apparel and home fashions retailer’s stock valued at $2,540,000 after buying an additional 262 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director now owns 22,712 shares of the company’s stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 0.9%

Shares of NYSE:TJX opened at $128.55 on Friday. 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 business has a fifty day moving average of $127.63 and a two-hundred day moving average of $124.11. The stock has a market cap of $143.60 billion, a P/E ratio of 30.25, a PEG ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 52-week low of $106.18 and a 52-week high of $135.85.

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

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio is 40.00%.

Analysts Set New Price Targets

A number of research firms have recently commented on TJX. UBS Group restated a “buy” rating and issued a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. TD Securities boosted their price objective on TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, May 21st. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 21st. Finally, Cowen restated a “buy” rating on shares of TJX Companies in a research report on Tuesday, May 20th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $141.53.

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.