Congress Asset Management Co. Has $149.92 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Congress Asset Management Co. lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,230,852 shares of the apparel and home fashions retailer's stock after buying an additional 2,012 shares during the period. TJX Companies comprises about 1.1% of Congress Asset Management Co.'s investment portfolio, making the stock its 17th largest holding. Congress Asset Management Co. owned 0.11% of TJX Companies worth $149,918,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bogart Wealth LLC acquired a new position in TJX Companies during the fourth quarter valued at approximately $25,000. SOA Wealth Advisors LLC. acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $30,000. Promus Capital LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $32,000. Finally, Tacita Capital Inc acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $38,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX Companies stock traded up $1.18 during mid-day trading on Friday, reaching $128.55. 4,611,993 shares of the company were exchanged, compared to its average volume of 5,226,645. The TJX Companies, Inc. has a 12 month low of $106.18 and a 12 month high of $135.85. The company has a fifty day simple moving average of $127.63 and a 200-day simple moving average of $124.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm has a market cap of $143.60 billion, a PE ratio of 30.25, a PEG ratio of 2.75 and a beta of 0.90.

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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the company posted $0.93 EPS. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th were paid a $0.425 dividend. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date was Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.32%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now owns 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TJX. TD Securities increased their target price on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, Robert W. Baird increased their target price on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $141.53.

About TJX Companies

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.