Bailard Inc. Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

Bailard Inc. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 223,879 shares of the apparel and home fashions retailer's stock after buying an additional 7,342 shares during the period. Bailard Inc.'s holdings in TJX Companies were worth $27,268,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Millstone Evans Group LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $30,000. Atlantic Edge Private Wealth Management LLC grew its position in shares of TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC grew its position in shares of TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 149 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies in the 1st quarter valued at about $37,000. Finally, Rialto Wealth Management LLC boosted its position in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after purchasing an additional 179 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Up 0.0%

NYSE:TJX traded up $0.01 during mid-day trading on Friday, reaching $122.18. 3,464,315 shares of the company's stock traded hands, compared to its average volume of 5,200,773. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The company has a 50 day moving average price of $126.31 and a 200-day moving average price of $124.09. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The firm has a market capitalization of $136.49 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 2.83 and a beta of 0.88.

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

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. TJX Companies's dividend payout ratio is currently 40.00%.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director directly owned 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on TJX shares. JPMorgan Chase & Co. upped their target price on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. UBS Group restated a "buy" rating and set a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. TD Securities increased their price target on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price objective 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 given a strong buy rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of "Buy" and an average price target of $141.06.

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.