Hennion & Walsh Asset Management Inc. Has $6.28 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Hennion & Walsh Asset Management Inc. increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,536 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,964 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in TJX Companies were worth $6,277,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in TJX Companies by 0.6% during the 4th 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 purchasing an additional 578,948 shares during the period. Geode Capital Management LLC boosted its holdings in shares of TJX Companies by 1.9% during the fourth 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 acquiring an additional 464,995 shares during the period. Capital International Investors grew its position in TJX Companies by 4.5% in the 4th 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 purchasing an additional 626,739 shares during the last quarter. Northern Trust Corp increased its position in TJX Companies by 15.2% in the 4th 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 period. Finally, Norges Bank bought a new stake in TJX Companies during the 4th quarter valued at $1,670,565,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TJX shares. JPMorgan Chase & Co. raised their price target on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $141.53.

TJX Companies Trading Up 1.0%

TJX traded up $1.25 during trading on Friday, reaching $128.62. The company had a trading volume of 2,175,487 shares, compared to its average volume of 5,233,291. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 12-month low of $106.18 and a 12-month high of $135.85. The company has a market cap of $143.68 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 2.75 and a beta of 0.90. The firm's 50-day simple moving average is $127.52 and its 200 day simple moving average is $124.05.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The company's revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th were given a $0.425 dividend. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. TJX Companies's dividend payout ratio is presently 40.00%.

Insider Buying and Selling at TJX Companies

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

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.