DAVENPORT & Co LLC Grows Stake in The TJX Companies, Inc. (NYSE:TJX)

DAVENPORT & Co LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 888,449 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,428 shares during the quarter. DAVENPORT & Co LLC owned about 0.08% of TJX Companies worth $107,492,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TJX. Brighton Jones LLC grew its stake in TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after purchasing an additional 8,002 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after buying an additional 235 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of TJX Companies by 25.8% in the 4th quarter. Fisher Asset Management LLC now owns 8,481 shares of the apparel and home fashions retailer's stock worth $1,025,000 after buying an additional 1,738 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of TJX Companies in the 4th quarter worth about $74,000. Finally, SRS Capital Advisors Inc. lifted its position in TJX Companies by 162.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 10,716 shares of the apparel and home fashions retailer's stock valued at $1,295,000 after acquiring an additional 6,631 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of TJX stock traded up $0.11 on Wednesday, reaching $125.27. The stock had a trading volume of 4,790,213 shares, compared to its average volume of 5,195,548. 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 1 year low of $107.71 and a 1 year high of $135.85. The stock has a market cap of $139.94 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The company has a 50 day simple moving average of $127.19 and a 200 day simple moving average of $123.98.

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

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 1.36%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies 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 owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TJX shares. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. TD Securities boosted their price target on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Loop Capital set a $150.00 price objective on TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. UBS Group reissued a "buy" rating and issued a $164.00 target price (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Finally, Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat, TJX Companies has an average rating of "Moderate Buy" and a consensus price target of $141.53.

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.