Spectrum Management Group Inc. increased its holdings in TJX Companies Inc (NYSE:TJX) by 2.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,045 shares of the apparel and home fashions retailer’s stock after purchasing an additional 275 shares during the period. Spectrum Management Group Inc.’s holdings in TJX Companies were worth $694,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TJX. BlackRock Inc. increased its holdings in shares of TJX Companies by 113.3% during the fourth quarter. BlackRock Inc. now owns 90,260,028 shares of the apparel and home fashions retailer’s stock worth $4,038,232,000 after buying an additional 47,939,993 shares in the last quarter. FMR LLC grew its stake in shares of TJX Companies by 106.0% during the fourth quarter. FMR LLC now owns 51,478,425 shares of the apparel and home fashions retailer’s stock valued at $2,303,144,000 after purchasing an additional 26,485,840 shares during the last quarter. Vanguard Group Inc grew its stake in shares of TJX Companies by 1.2% during the third quarter. Vanguard Group Inc now owns 49,232,312 shares of the apparel and home fashions retailer’s stock valued at $5,515,004,000 after purchasing an additional 593,647 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of TJX Companies by 77.9% during the fourth quarter. Bank of New York Mellon Corp now owns 33,050,653 shares of the apparel and home fashions retailer’s stock valued at $1,478,686,000 after purchasing an additional 14,469,980 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of TJX Companies by 13,963.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 26,176,882 shares of the apparel and home fashions retailer’s stock valued at $585,000 after purchasing an additional 25,990,744 shares during the last quarter. 91.26% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:TJX opened at $55.12 on Monday. TJX Companies Inc has a 12 month low of $40.65 and a 12 month high of $56.64. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The firm has a market cap of $66.95 billion, a P/E ratio of 26.12, a P/E/G ratio of 1.94 and a beta of 0.66.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 27th. The apparel and home fashions retailer reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.09). TJX Companies had a return on equity of 57.42% and a net margin of 7.85%. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.01 billion. During the same quarter in the previous year, the business earned $1.30 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. Research analysts predict that TJX Companies Inc will post 2.61 earnings per share for the current fiscal year.

TJX Companies announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 27th that allows the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization allows the apparel and home fashions retailer to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.67%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio (DPR) is presently 36.97%.

In other TJX Companies news, Director Amy B. Lane sold 1,000 shares of TJX Companies stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $51.79, for a total value of $51,790.00. Following the sale, the director now directly owns 31,092 shares in the company, valued at approximately $1,610,254.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Scott Goldenberg sold 37,248 shares of TJX Companies stock in a transaction on Friday, April 12th. The shares were sold at an average price of $53.90, for a total transaction of $2,007,667.20. Following the completion of the sale, the chief financial officer now owns 195,712 shares in the company, valued at $10,548,876.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,498 shares of company stock worth $4,558,772. 0.20% of the stock is currently owned by company insiders.

TJX has been the topic of several research analyst reports. ValuEngine raised shares of TJX Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Monday, January 28th. Telsey Advisory Group raised shares of TJX Companies from a “market perform” rating to an “outperform” rating and increased their price target for the company from $51.00 to $56.00 in a research note on Thursday, January 31st. Loop Capital increased their price target on shares of TJX Companies from $47.00 to $50.00 and gave the company a “hold” rating in a research note on Wednesday, February 27th. Finally, MKM Partners increased their price target on shares of TJX Companies from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, February 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company. TJX Companies presently has a consensus rating of “Buy” and a consensus target price of $55.34.

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TJX Companies Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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