Advisors Preferred LLC Acquires Shares of 16,497 The TJX Companies, Inc. (NYSE:TJX)

Advisors Preferred LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,497 shares of the apparel and home fashions retailer's stock, valued at approximately $2,025,000.

Several other hedge funds also recently modified their holdings of the company. Shell Asset Management Co. increased its stake in TJX Companies by 16.5% in the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock valued at $3,524,000 after purchasing an additional 4,128 shares in the last quarter. Pathstone Holdings LLC lifted its stake in TJX Companies by 10.1% in the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock valued at $88,992,000 after acquiring an additional 67,853 shares during the last quarter. Ethic Inc. increased its position in TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock worth $20,196,000 after acquiring an additional 29,158 shares during the period. Fiduciary Trust Co increased its holdings in TJX Companies by 5.2% in the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after buying an additional 144,113 shares during the period. Finally, Pinnacle Financial Partners Inc increased its holdings in TJX Companies by 2.2% in the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock valued at $46,989,000 after buying an additional 8,319 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

TJX traded up $0.03 during trading on Friday, reaching $126.29. 5,129,234 shares of the company traded hands, compared to its average volume of 5,335,243. 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 12-month low of $107.71 and a 12-month high of $135.85. The firm has a fifty day simple moving average of $125.72 and a 200 day simple moving average of $124.24. The company has a market cap of $141.07 billion, a P/E ratio of 29.71, a PEG ratio of 2.95 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. TJX Companies's payout ratio is 40.00%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group restated a "buy" rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Robert W. Baird raised their target price 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. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, TJX Companies has a consensus rating of "Buy" and an average target price of $141.06.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies 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 sale, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

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.