CGN Advisors LLC Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

CGN Advisors LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 19.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,000 shares of the apparel and home fashions retailer's stock after purchasing an additional 4,354 shares during the period. CGN Advisors LLC's holdings in TJX Companies were worth $3,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TJX. Shell Asset Management Co. increased its stake in shares of TJX Companies by 16.5% during the 4th 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 acquiring an additional 4,128 shares during the last quarter. Pathstone Holdings LLC increased its position in TJX Companies by 10.1% during the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock worth $88,992,000 after purchasing an additional 67,853 shares during the last quarter. Ethic Inc. raised its stake 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 purchasing an additional 29,158 shares during the period. Fiduciary Trust Co boosted its holdings in shares of 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 purchasing an additional 144,113 shares during the last quarter. Finally, Congress Asset Management Co. grew its stake in shares of TJX Companies by 1.1% during the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock valued at $148,456,000 after buying an additional 13,036 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of TJX stock remained flat at $128.12 during mid-day trading on Wednesday. The stock had a trading volume of 4,437,088 shares, compared to its average volume of 5,247,130. The company has a market cap of $143.12 billion, a P/E ratio of 30.15, a PEG ratio of 2.75 and a beta of 0.94. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock's 50 day simple moving average is $127.21 and its two-hundred day simple moving average is $123.97. The TJX Companies, Inc. has a 1 year low of $104.25 and a 1 year high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. TJX Companies's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's payout ratio is presently 40.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TJX shares. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Finally, Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $141.53.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director now directly owns 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.13% of the company's stock.

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.