GAMMA Investing LLC Grows Stake in The TJX Companies, Inc. (NYSE:TJX)

GAMMA Investing LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 19.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,909 shares of the apparel and home fashions retailer's stock after buying an additional 3,944 shares during the quarter. GAMMA Investing LLC's holdings in TJX Companies were worth $2,912,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Panoramic Capital Partners LLC purchased a new stake in shares of TJX Companies in the first quarter valued at approximately $349,000. Tounjian Advisory Partners LLC purchased a new stake in shares of TJX Companies in the first quarter valued at approximately $3,066,000. Pallas Capital Advisors LLC increased its position in shares of TJX Companies by 9.5% in the first quarter. Pallas Capital Advisors LLC now owns 114,806 shares of the apparel and home fashions retailer's stock valued at $13,983,000 after buying an additional 9,933 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of TJX Companies by 47.9% in the first quarter. Farther Finance Advisors LLC now owns 18,263 shares of the apparel and home fashions retailer's stock valued at $2,241,000 after buying an additional 5,916 shares in the last quarter. Finally, City Holding Co. increased its position in shares of TJX Companies by 2.4% in the first quarter. City Holding Co. now owns 18,100 shares of the apparel and home fashions retailer's stock valued at $2,205,000 after buying an additional 417 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction dated 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 in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of recent analyst reports. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, May 21st. Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $141.53.

TJX Companies Trading Up 0.9%

Shares of TJX Companies stock traded up $1.13 during trading hours on Friday, hitting $123.27. The company's stock had a trading volume of 9,776,498 shares, compared to its average volume of 5,189,737. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85. The firm has a fifty day moving average of $127.21 and a 200-day moving average of $124.00. The stock has a market cap of $137.70 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 2.92 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the prior year, the company posted $0.93 EPS. The company's quarterly revenue was up 5.1% on a year-over-year basis. Research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm 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. This represents a $1.70 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

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.