Highview Capital Management LLC DE Buys 2,984 Shares of The TJX Companies, Inc. (NYSE:TJX)

Highview Capital Management LLC DE grew its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 11.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,549 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,984 shares during the quarter. TJX Companies makes up approximately 1.5% of Highview Capital Management LLC DE's holdings, making the stock its 20th biggest holding. 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 institutional investors have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $1,670,565,000. GAMMA Investing LLC increased its stake in shares of TJX Companies by 14,486.1% in 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 purchasing an additional 2,892,151 shares during the period. Capital Research Global Investors increased its stake in shares of TJX Companies by 689.6% in 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 purchasing an additional 2,266,415 shares during the period. Northern Trust Corp increased its stake in shares of TJX Companies by 15.2% in 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 purchasing an additional 1,845,225 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of TJX Companies by 12.9% in 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 purchasing an additional 1,403,561 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TJX. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. 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. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a report on Tuesday. They set an "outperform" rating and a $133.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Finally, UBS Group restated a "buy" rating and set a $164.00 target price (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $141.06.

TJX Companies Stock Up 0.3%

TJX traded up $0.35 during trading hours on Wednesday, hitting $125.61. 3,817,986 shares of the company's stock were exchanged, compared to its average volume of 5,196,921. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The stock's 50-day moving average is $127.06 and its two-hundred day moving average is $124.10. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. The stock has a market cap of $140.32 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 2.92 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 earnings per share. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.35%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director directly owned 22,712 shares in the company, 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 at the SEC website. 0.13% of the stock is owned by insiders.

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.