Congress Wealth Management LLC DE Acquires 149,815 Shares of The TJX Companies, Inc. (NYSE:TJX)

Congress Wealth Management LLC DE grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 131.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 263,604 shares of the apparel and home fashions retailer’s stock after buying an additional 149,815 shares during the period. Congress Wealth Management LLC DE’s holdings in TJX Companies were worth $26,735,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Corton Capital Inc. purchased a new position in shares of TJX Companies during the third quarter valued at about $270,000. United Services Automobile Association boosted 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 acquiring an additional 2,939 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of TJX Companies by 33.3% during the 3rd quarter. Lazard Asset Management LLC now owns 614,331 shares of the apparel and home fashions retailer’s stock worth $54,601,000 after acquiring an additional 153,316 shares during the period. Insigneo Advisory Services LLC raised its position in shares of TJX Companies by 4.9% in the 3rd 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 lifted its stake in shares of TJX Companies by 27.4% in the 3rd quarter. AQR Capital Management LLC now owns 917,632 shares of the apparel and home fashions retailer’s stock valued at $81,559,000 after purchasing an additional 197,542 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX traded up $0.48 during trading on Monday, hitting $110.58. 3,660,517 shares of the company’s stock were exchanged, compared to its average volume of 5,565,860. The business’s 50-day simple moving average is $102.48 and its 200 day simple moving average is $98.30. The company has a market cap of $124.97 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.94 and a beta of 0.88. The TJX Companies, Inc. has a 52-week low of $82.25 and a 52-week high of $111.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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 business had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same period last year, the firm posted $0.76 EPS. The company’s revenue was up 5.9% on a year-over-year basis. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. 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%.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the transaction, the chief executive officer now directly owns 571,148 shares in the company, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock worth $5,060,941 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the topic of a number of research reports. Telsey Advisory Group boosted 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 price objective on shares of TJX Companies in a research note on Tuesday, May 21st. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Barclays boosted their price target on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Finally, TD Cowen raised their price objective on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.39.

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.