Farther Finance Advisors LLC Has $2.24 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Farther Finance Advisors LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 47.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,263 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,916 shares during the quarter. Farther Finance Advisors LLC’s holdings in TJX Companies were worth $2,241,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. City Holding Co. grew its holdings in shares of TJX Companies by 2.4% during the first quarter. City Holding Co. now owns 18,100 shares of the apparel and home fashions retailer’s stock valued at $2,205,000 after buying an additional 417 shares during the last quarter. Rheos Capital Works Inc. raised its position in TJX Companies by 566.2% in the first quarter. Rheos Capital Works Inc. now owns 523,600 shares of the apparel and home fashions retailer’s stock worth $63,774,000 after acquiring an additional 445,000 shares during the period. Deane Retirement Strategies Inc. raised its position in TJX Companies by 2.3% in the first quarter. Deane Retirement Strategies Inc. now owns 31,694 shares of the apparel and home fashions retailer’s stock worth $3,855,000 after acquiring an additional 701 shares during the period. Portside Wealth Group LLC raised its position in TJX Companies by 4.9% in the first quarter. Portside Wealth Group LLC now owns 2,552 shares of the apparel and home fashions retailer’s stock worth $311,000 after acquiring an additional 120 shares during the period. Finally, CMH Wealth Management LLC raised its position in shares of TJX Companies by 0.8% in the first quarter. CMH Wealth Management LLC now owns 80,615 shares of the apparel and home fashions retailer’s stock valued at $9,819,000 after purchasing an additional 602 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred 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 transaction, the director now owns 22,712 shares in the company, 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 Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TJX. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. UBS Group reissued a “buy” rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Wells Fargo & Company restated an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, June 2nd. Finally, TD Securities upped their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $141.53.

TJX Companies Stock Down 0.2%

NYSE:TJX opened at $126.07 on Wednesday. The firm’s 50-day moving average price is $127.67 and its 200-day moving average price is $124.22. The company has a market capitalization of $140.83 billion, a PE ratio of 29.66, a P/E/G ratio of 2.75 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. 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 announced its quarterly earnings data 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 net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the prior year, the firm posted $0.93 EPS. TJX Companies’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. TJX Companies’s payout ratio is presently 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.