Thrive Wealth Management LLC Acquires 114 Shares of The TJX Companies, Inc. (NYSE:TJX)

Thrive Wealth Management LLC raised its position in The TJX Companies, Inc. (NYSE:TJX) by 1.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,069 shares of the apparel and home fashions retailer’s stock after acquiring an additional 114 shares during the quarter. Thrive Wealth Management LLC’s holdings in TJX Companies were worth $1,123,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Frazier Financial Advisors LLC acquired a new stake in TJX Companies in the 4th quarter worth about $27,000. Anchor Investment Management LLC acquired a new stake in TJX Companies in the 4th quarter worth about $28,000. BKM Wealth Management LLC acquired a new stake in TJX Companies in the 4th quarter worth about $30,000. Sachetta LLC acquired a new stake in TJX Companies in the 4th quarter worth about $38,000. Finally, Security National Bank acquired a new stake in TJX Companies in the 4th quarter worth about $40,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock worth $5,060,941 in the last quarter. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.3 %

Shares of NYSE TJX traded down $0.31 during midday trading on Friday, reaching $110.24. The stock had a trading volume of 221,985 shares, compared to its average volume of 5,472,518. 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 TJX Companies, Inc. has a twelve month low of $82.25 and a twelve month high of $111.79. The company’s 50 day moving average price is $101.79 and its 200 day moving average price is $97.98. The firm has a market cap of $124.59 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 2.96 and a beta of 0.87.

TJX Companies (NYSE:TJX) last released its 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 net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. During the same quarter in the previous year, the company earned $0.76 EPS. TJX Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors 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 dividend on an annualized basis and a dividend yield of 1.36%. TJX Companies’s payout ratio is presently 37.22%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Telsey Advisory Group raised their target price on shares of 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 target price on shares of TJX Companies in a report on Tuesday, May 21st. Barclays lifted their price target on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Finally, BMO Capital Markets lifted their price target on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.37.

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.