MGO Private Wealth LLC Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

MGO Private Wealth LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,494 shares of the apparel and home fashions retailer’s stock, valued at approximately $253,000.

Several other institutional investors have also modified their holdings of TJX. Frazier Financial Advisors LLC purchased a new stake in TJX Companies in the fourth quarter valued at $27,000. Anchor Investment Management LLC acquired a new position in TJX Companies in the fourth quarter valued at about $28,000. BKM Wealth Management LLC purchased a new position in TJX Companies during the fourth quarter worth about $30,000. Register Financial Advisors LLC acquired a new stake in shares of TJX Companies during the first quarter valued at about $37,000. Finally, Sachetta LLC purchased a new stake in shares of TJX Companies in the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.4 %

NYSE TJX traded up $0.48 during trading on Monday, reaching $110.58. 3,660,516 shares of the company’s stock were exchanged, compared to its average volume of 5,551,310. The TJX Companies, Inc. has a 1 year low of $82.25 and a 1 year high of $111.79. The stock has a market cap of $124.97 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. 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 company has a 50 day moving average price of $102.48 and a two-hundred day moving average price of $98.30.

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

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.36%. TJX Companies’s dividend payout ratio is currently 37.22%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Robert W. Baird lifted their price objective on TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Sanford C. Bernstein boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a research report on Tuesday, May 21st. Finally, Evercore ISI set a $113.00 price target on shares of TJX Companies in a research report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.39.

Insider Buying and Selling at TJX Companies

In other news, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now owns 110,893 shares in the company, valued at $11,089,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the transaction, the chief executive officer now directly owns 571,148 shares in the company, valued at $58,354,191.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The disclosure for this sale can be found here. Insiders sold 50,003 shares of company stock worth $5,060,941 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

About TJX Companies

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.