Highview Capital Management LLC DE Has $3.48 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Highview Capital Management LLC DE grew its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 11.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,549 shares of the apparel and home fashions retailer's stock after acquiring an additional 2,984 shares during the quarter. TJX Companies accounts for about 1.5% of Highview Capital Management LLC DE's holdings, making the stock its 20th largest position. Highview Capital Management LLC DE's holdings in TJX Companies were worth $3,477,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TJX. Millstone Evans Group LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. Atlantic Edge Private Wealth Management LLC raised its position in 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 valued at $36,000 after purchasing an additional 110 shares during the last quarter. Inlight Wealth Management LLC bought a new position in TJX Companies in the 1st quarter valued at $37,000. Rialto Wealth Management LLC raised its position in TJX Companies by 105.9% in 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 purchasing an additional 179 shares during the last quarter. Finally, Proathlete Wealth Management LLC bought a new position in TJX Companies in the 1st quarter valued at $52,000. Institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TJX. JPMorgan Chase & Co. lifted their price objective on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Robert W. Baird raised their target price on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Morgan Stanley set a $140.00 target price on TJX Companies and gave the company an "overweight" rating in a research note 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 equities research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of "Buy" and an average price target of $141.06.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred 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 sale, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

NYSE:TJX traded down $0.71 on Thursday, hitting $124.74. The company's stock had a trading volume of 2,790,220 shares, compared to its average volume of 5,188,417. 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 stock has a fifty day moving average of $127.00 and a two-hundred day moving average of $124.11. The firm has a market capitalization of $139.35 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 2.92 and a beta of 0.88. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last posted its 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 company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. Research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's payout ratio is 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.