The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 151.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,185 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,531 shares during the period. Miracle Mile Advisors LLC’s holdings in TJX Companies were worth $932,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Truist Financial Corp grew its stake in shares of TJX Companies by 16.8% in the third quarter. Truist Financial Corp now owns 718,872 shares of the apparel and home fashions retailer’s stock worth $63,893,000 after purchasing an additional 103,481 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of TJX Companies by 122.9% in the third quarter. Axxcess Wealth Management LLC now owns 15,339 shares of the apparel and home fashions retailer’s stock worth $1,363,000 after purchasing an additional 8,457 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of TJX Companies by 20.6% in the third quarter. Ameriprise Financial Inc. now owns 6,199,808 shares of the apparel and home fashions retailer’s stock valued at $551,903,000 after buying an additional 1,059,720 shares during the period. Alkeon Capital Management LLC lifted its holdings in shares of TJX Companies by 4.9% in the third quarter. Alkeon Capital Management LLC now owns 5,364,105 shares of the apparel and home fashions retailer’s stock valued at $476,762,000 after buying an additional 250,000 shares during the period. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in shares of TJX Companies by 5.3% in the third quarter. Adage Capital Partners GP L.L.C. now owns 1,401,748 shares of the apparel and home fashions retailer’s stock valued at $124,587,000 after buying an additional 70,250 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In related news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the transaction, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Louise Greenlees sold 8,171 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the sale, the executive vice president now owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 110,893 shares in the company, valued at approximately $11,089,300. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock worth $5,060,941 over the last three months. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.4 %

TJX traded up $0.48 during midday trading on Monday, hitting $110.58. 4,438,147 shares of the company were exchanged, compared to its average volume of 5,558,891. The firm has a market capitalization of $124.97 billion, a P/E ratio of 27.44, a P/E/G ratio of 2.94 and a beta of 0.88. The TJX Companies, Inc. has a 1-year low of $82.25 and a 1-year high of $111.79. The firm’s 50 day moving average price is $102.48 and its 200-day moving average price is $98.30. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last released 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 business had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on TJX. Telsey Advisory Group upped their target price on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research note on Tuesday, May 21st. BMO Capital Markets upped their target price on TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Evercore ISI set a $113.00 target price on TJX Companies in a report on Tuesday, May 21st. Finally, The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $110.39.

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.