Fiduciary Family Office LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,350 shares of the apparel and home fashions retailer's stock, valued at approximately $530,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC grew its position in TJX Companies by 14,486.1% during the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after acquiring an additional 2,892,151 shares during the last quarter. Capital Research Global Investors grew its position in TJX Companies by 689.6% during the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock valued at $313,512,000 after acquiring an additional 2,266,415 shares during the last quarter. Northern Trust Corp grew its position in TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after acquiring an additional 1,845,225 shares during the last quarter. Royal Bank of Canada grew its position in TJX Companies by 12.9% during the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after acquiring an additional 1,403,561 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in TJX Companies by 65.8% during the first quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock valued at $399,790,000 after acquiring an additional 1,302,845 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.
TJX Companies Stock Performance
NYSE:TJX opened at $131.64 on Friday. The stock has a market cap of $147.06 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. The firm's fifty day simple moving average is $125.41 and its 200 day simple moving average is $124.79. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34.
TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.3%. TJX Companies's payout ratio is 40.00%.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research report on Wednesday, May 21st. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Finally, TD Securities raised their target price on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $141.06.
Read Our Latest Analysis on TJX Companies
Insiders Place Their Bets
In other TJX Companies 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 completion of the transaction, the director owned 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 filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.
TJX Companies Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX - Free Report).

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