Daymark Wealth Partners LLC Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Daymark Wealth Partners LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 16.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,139 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,334 shares during the quarter. Daymark Wealth Partners LLC’s holdings in TJX Companies were worth $1,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TJX. Valued Wealth Advisors LLC raised its position in shares of TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies during the second quarter valued at about $25,000. OFI Invest Asset Management bought a new stake in TJX Companies during the first quarter worth about $30,000. AlphaMark Advisors LLC boosted its holdings in shares of TJX Companies by 58.4% in the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after purchasing an additional 122 shares in the last quarter. Finally, New Millennium Group LLC bought a new position in shares of TJX Companies during the 2nd quarter valued at about $34,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

TJX opened at $118.05 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The stock has a market capitalization of $133.15 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. The stock’s 50 day moving average price is $115.04 and its 200-day moving average price is $106.67. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the previous year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.27%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Analyst Ratings Changes

A number of analysts recently weighed in on TJX shares. BMO Capital Markets boosted their target price on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Loop Capital lifted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company boosted their price target on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $126.76.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

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.