Czech National Bank Purchases 13,655 Shares of The TJX Companies, Inc. (NYSE:TJX)

Czech National Bank grew its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 258,201 shares of the apparel and home fashions retailer's stock after buying an additional 13,655 shares during the period. Czech National Bank's holdings in TJX Companies were worth $31,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in TJX Companies by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after buying an additional 578,948 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of TJX Companies by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock valued at $2,930,965,000 after purchasing an additional 464,995 shares in the last quarter. Capital International Investors grew its holdings in shares of TJX Companies by 4.5% during the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after buying an additional 626,739 shares during the last quarter. Northern Trust Corp raised its position in TJX Companies by 15.2% in the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after acquiring an additional 1,845,225 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of TJX Companies in the fourth quarter valued at $1,670,565,000. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TJX has been the topic of a number of research reports. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. Morgan Stanley set a $140.00 target price on TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. increased 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. Finally, Barclays reaffirmed an "overweight" rating and set a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and a consensus price target of $141.53.

TJX Companies Price Performance

Shares of NYSE TJX traded down $0.55 on Thursday, hitting $127.52. The company's stock had a trading volume of 1,522,909 shares, compared to its average volume of 5,459,141. The TJX Companies, Inc. has a 12-month low of $106.18 and a 12-month high of $135.85. The stock has a 50 day moving average of $127.41 and a 200-day moving average of $124.00. 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 company has a market capitalization of $142.45 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94.

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 the consensus estimate of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

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

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

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.