Mission Wealth Management LP Has $923,000 Stake in The TJX Companies, Inc. (NYSE:TJX)

Mission Wealth Management LP increased its stake in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) by 64.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,103 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,568 shares during the period. Mission Wealth Management LP’s holdings in TJX Companies were worth $923,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Running Oak Capital LLC grew its position in TJX Companies by 10.9% in the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after purchasing an additional 11,036 shares in the last quarter. New Mexico Educational Retirement Board grew its position in TJX Companies by 15.9% in the first quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock valued at $7,037,000 after purchasing an additional 9,500 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its position in TJX Companies by 3.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock valued at $56,613,000 after purchasing an additional 21,767 shares in the last quarter. Savoir Faire Capital Management L.P. bought a new position in TJX Companies in the third quarter valued at $3,197,000. Finally, Gateway Investment Advisers LLC grew its position in TJX Companies by 42.9% in the fourth quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock valued at $1,793,000 after purchasing an additional 5,737 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TJX shares. BMO Capital Markets raised their target price on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Barclays raised their target price on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Sanford C. Bernstein lifted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Finally, Evercore ISI set a $113.00 price objective on shares of TJX Companies in a research report on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $111.50.

Read Our Latest Stock Analysis on TJX

TJX Companies Stock Performance

NYSE TJX opened at $111.64 on Friday. The firm has a 50-day moving average of $104.01 and a 200-day moving average of $98.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The stock has a market cap of $126.17 billion, a PE ratio of 27.70, a P/E/G ratio of 2.99 and a beta of 0.88. The TJX Companies, Inc. has a 52-week low of $82.25 and a 52-week high of $111.79.

TJX Companies (NYSE:TJXGet Free Report) last posted its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter last year, the company posted $0.76 EPS. TJX Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is 37.22%.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the sale, the director now owns 23,470 shares in the company, valued at approximately $2,395,582.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the transaction, the director now directly owns 23,470 shares in the company, valued at approximately $2,395,582.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The disclosure for this sale can be found here. Insiders sold 50,003 shares of company stock worth $5,060,941 in the last quarter. 0.13% of the stock is currently owned by corporate insiders.

About TJX Companies

(Free Report)

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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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