MGO Private Wealth LLC Invests $253,000 in The TJX Companies, Inc. (NYSE:TJX)

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

Other institutional investors have also added to or reduced their stakes in the company. Corton Capital Inc. bought a new stake in shares of TJX Companies during the 3rd quarter valued at about $270,000. United Services Automobile Association increased its position in TJX Companies by 11.3% during the 3rd quarter. United Services Automobile Association now owns 29,056 shares of the apparel and home fashions retailer’s stock valued at $2,582,000 after buying an additional 2,939 shares in the last quarter. Lazard Asset Management LLC raised its stake in TJX Companies by 33.3% during the third quarter. Lazard Asset Management LLC now owns 614,331 shares of the apparel and home fashions retailer’s stock valued at $54,601,000 after buying an additional 153,316 shares during the last quarter. Insigneo Advisory Services LLC boosted its holdings in TJX Companies by 4.9% in the third quarter. Insigneo Advisory Services LLC now owns 9,181 shares of the apparel and home fashions retailer’s stock worth $816,000 after acquiring an additional 429 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of TJX Companies by 27.4% in the third quarter. AQR Capital Management LLC now owns 917,632 shares of the apparel and home fashions retailer’s stock worth $81,559,000 after acquiring an additional 197,542 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX traded up $0.48 during trading hours on Monday, reaching $110.58. 3,660,516 shares of the stock traded hands, compared to its average volume of 5,551,310. The company 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 current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $102.48 and its two-hundred day moving average price is $98.30. The TJX Companies, Inc. has a 52-week low of $82.25 and a 52-week high of $111.79.

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

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Robert W. Baird upped their price target on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Telsey Advisory Group upped their target price on shares of TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research report on Tuesday, May 21st. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their target price for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Finally, UBS Group upped their price target on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $110.39.

Insider Buying and Selling

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the sale, the executive vice president now directly owns 110,893 shares in the company, valued at approximately $11,089,300. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president now directly owns 110,893 shares in the company, valued at approximately $11,089,300. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,003 shares of company stock worth $5,060,941. 0.13% of the stock is owned by insiders.

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.