The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,500 shares of the apparel and home fashions retailer’s stock after purchasing an additional 400 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in TJX Companies were worth $1,157,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC increased its holdings in TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock valued at $36,000 after buying an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC boosted its position in TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock valued at $36,000 after buying an additional 149 shares during the last quarter. Inlight Wealth Management LLC purchased a new position in TJX Companies in the 1st quarter valued at about $37,000. Finally, Rialto Wealth Management LLC boosted its position in TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock valued at $42,000 after buying an additional 179 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 22nd. UBS Group reissued a “buy” rating and issued a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Robert W. Baird upped their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Finally, Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $141.06.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

Shares of TJX stock opened at $125.89 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The company’s 50-day simple moving average is $125.01 and its 200-day simple moving average is $124.45. The stock has a market capitalization of $140.63 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.90 and a beta of 0.88.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. TJX Companies’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 earnings per share. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.4%. TJX Companies’s dividend payout ratio is 40.00%.

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.