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

Miracle Mile Advisors LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 151.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 9,185 shares of the apparel and home fashions retailer’s stock after buying an additional 5,531 shares during the quarter. Miracle Mile Advisors LLC’s holdings in TJX Companies were worth $932,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at $27,000. Anchor Investment Management LLC acquired a new position in TJX Companies during the 4th quarter worth $28,000. BKM Wealth Management LLC acquired a new position in TJX Companies during the 4th quarter worth $30,000. Register Financial Advisors LLC acquired a new position in TJX Companies during the 1st quarter worth $37,000. Finally, Sachetta LLC acquired a new position in TJX Companies during the 4th quarter worth $38,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX traded up $0.48 on Monday, reaching $110.58. The stock had a trading volume of 4,438,147 shares, compared to its average volume of 5,558,891. The company has a market capitalization of $124.97 billion, a P/E ratio of 27.44, a price-to-earnings-growth 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 company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average price of $102.48 and a 200-day moving average price of $98.30.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 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 firm had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

The firm 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is 37.22%.

Insider Buying and Selling

In related news, EVP Louise Greenlees sold 8,171 shares of the business’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 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 at this link. In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the company’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 value 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 can be accessed through the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were 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 directly 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 a total of 50,003 shares of company stock valued at $5,060,941 over the last ninety days. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TJX shares. TD Cowen boosted their price objective on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Telsey Advisory Group boosted their price objective on shares of TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a report on Tuesday, May 21st. Barclays boosted their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Finally, Robert W. Baird upped their target price on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $110.39.

TJX Companies Company 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.