The TJX Companies, Inc. (NYSE:TJX) Shares Bought by NewSquare Capital LLC

NewSquare Capital LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,948 shares of the apparel and home fashions retailer’s stock after acquiring an additional 544 shares during the quarter. NewSquare Capital LLC’s holdings in TJX Companies were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new position in TJX Companies during the fourth quarter worth $25,000. SOA Wealth Advisors LLC. acquired a new position in TJX Companies during the fourth quarter worth $30,000. Millstone Evans Group LLC acquired a new position in TJX Companies during the fourth quarter worth $30,000. Promus Capital LLC acquired a new position in TJX Companies during the fourth quarter worth $32,000. Finally, Tacita Capital Inc acquired a new position in TJX Companies during the fourth quarter worth $38,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. 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. Barclays reissued an “overweight” rating and set a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 21st. Robert W. Baird raised their price target on TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Finally, Loop Capital set a $150.00 price target on TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $141.53.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the business’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director now directly owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Performance

NYSE TJX opened at $128.55 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market cap of $143.60 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 2.75 and a beta of 0.90. The company has a 50 day moving average of $127.63 and a 200-day moving average of $124.17. The TJX Companies, Inc. has a 1-year low of $106.18 and a 1-year high of $135.85.

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

TJX Companies Increases Dividend

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