Flossbach Von Storch SE Buys 12,026 Shares of The TJX Companies, Inc. (NYSE:TJX)

Flossbach Von Storch SE lifted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 125,150 shares of the apparel and home fashions retailer's stock after acquiring an additional 12,026 shares during the period. Flossbach Von Storch SE's holdings in TJX Companies were worth $15,243,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TJX. Millstone Evans Group LLC bought a new position in shares of TJX Companies in the 4th quarter worth approximately $30,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 110 shares in the last quarter. Inlight Wealth Management LLC bought a new position in shares of TJX Companies in the 1st quarter worth approximately $37,000. Rialto Wealth Management LLC increased its position in TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after buying an additional 179 shares in the last quarter. Finally, Proathlete Wealth Management LLC bought a new position in TJX Companies during the 1st quarter valued at approximately $52,000. Institutional investors own 91.09% of the company's stock.

Insider Activity

In other 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 value of $121,685.50. Following the transaction, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TJX. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, May 21st. Daiwa Capital Markets began coverage on TJX Companies in a research report on Tuesday. They set an "outperform" rating and a $133.00 price objective for the company. UBS Group reaffirmed a "buy" rating and set a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, TD Securities raised their price objective on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, TJX Companies presently has an average rating of "Buy" and an average price target of $141.06.

TJX Companies Stock Down 0.4%

TJX traded down $0.47 during trading on Friday, hitting $123.69. 4,145,943 shares of the company's stock traded hands, compared to its average volume of 5,202,666. The company's 50 day simple moving average is $126.82 and its two-hundred day simple moving average is $124.13. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The stock has a market capitalization of $138.17 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.90 and a beta of 0.88.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.425 dividend. 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 1.37%. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

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.