Capital Investment Advisors LLC Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Capital Investment Advisors LLC increased its position in The TJX Companies, Inc. (NYSE:TJX) by 4.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,085 shares of the apparel and home fashions retailer’s stock after acquiring an additional 232 shares during the period. Capital Investment Advisors LLC’s holdings in TJX Companies were worth $619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. Vanguard Group Inc. grew its position in shares of TJX Companies by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock valued at $11,998,201,000 after acquiring an additional 578,948 shares during the period. Geode Capital Management LLC lifted its stake in TJX Companies by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock worth $2,930,965,000 after purchasing an additional 464,995 shares in the last quarter. Capital International Investors raised its position in shares of TJX Companies by 4.5% during the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer’s stock valued at $1,769,600,000 after buying an additional 626,739 shares during the period. Northern Trust Corp raised its position in shares of TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock valued at $1,689,628,000 after buying an additional 1,845,225 shares during the period. Finally, Norges Bank purchased a new stake in shares of TJX Companies during the 4th quarter valued at approximately $1,670,565,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TJX. BMO Capital Markets reiterated an “outperform” rating on shares of TJX Companies in a report on Wednesday, May 21st. JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, June 2nd. Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 21st. 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 note on Thursday, May 22nd. Finally, TD Securities upped their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $141.53.

Insider Transactions at TJX Companies

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

TJX Companies Trading Down 0.2%

Shares of NYSE:TJX opened at $126.07 on Wednesday. The company has a 50 day moving average of $127.67 and a 200-day moving average of $124.22. The firm has a market cap of $140.83 billion, a P/E ratio of 29.66, a P/E/G ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a twelve month low of $106.18 and a twelve month high of $135.85. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same period in the prior year, the business earned $0.93 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.35%. TJX Companies’s dividend payout ratio is presently 40.00%.

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.