Global Assets Advisory LLC Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Global Assets Advisory LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,971 shares of the apparel and home fashions retailer’s stock, valued at approximately $488,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $30,000. Promus Capital LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $32,000. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies in the first quarter valued at approximately $37,000. Tacita Capital Inc purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $38,000. Finally, Rialto Wealth Management LLC boosted its holdings in shares of 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 purchasing an additional 179 shares during the period. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TJX shares. Morgan Stanley set a $140.00 price target on TJX Companies and gave the company an “overweight” rating in a report on Thursday, May 22nd. Robert W. Baird upped their price target on shares of TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.53.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the 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 owns 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 1.6%

NYSE TJX opened at $122.59 on Thursday. The company has a fifty day simple moving average of $127.40 and a two-hundred day simple moving average of $124.07. The stock has a market cap of $136.95 billion, a P/E ratio of 28.84, a P/E/G ratio of 2.95 and a beta of 0.90. 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 posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analysts’ expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $0.93 earnings per share. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. TJX Companies’s payout ratio is currently 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.