iA Global Asset Management Inc. Buys 22,446 Shares of The TJX Companies, Inc. (NYSE:TJX)

Key Points

• iA Global Asset Management Inc. increased its holdings in The TJX Companies by 18.9%, now owning 141,363 shares valued at approximately $17.22 million.
• The TJX Companies reported $0.92 EPS for the latest quarter, beating analysts' expectations, with a year-over-year revenue increase of 5.1%.
• The company announced a quarterly dividend of $0.425 per share, representing an annualized dividend yield of 1.3%.

iA Global Asset Management Inc. increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 18.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,363 shares of the apparel and home fashions retailer's stock after purchasing an additional 22,446 shares during the period. iA Global Asset Management Inc.'s holdings in TJX Companies were worth $17,218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC increased its position in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after acquiring an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after acquiring an additional 235 shares in the last quarter. Waterloo Capital L.P. boosted its stake in TJX Companies by 2.9% in the 4th quarter. Waterloo Capital L.P. now owns 13,916 shares of the apparel and home fashions retailer's stock worth $1,681,000 after purchasing an additional 397 shares during the period. Trek Financial LLC increased its holdings in TJX Companies by 6.9% during the 4th quarter. Trek Financial LLC now owns 3,151 shares of the apparel and home fashions retailer's stock worth $381,000 after purchasing an additional 204 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in TJX Companies by 2.0% during the 4th quarter. Bank of Montreal Can now owns 3,530,940 shares of the apparel and home fashions retailer's stock worth $426,573,000 after purchasing an additional 70,529 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of TJX stock traded down $0.13 during trading on Thursday, reaching $131.97. 6,152,817 shares of the company's stock were exchanged, compared to its average volume of 4,722,042. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85. The firm's fifty day moving average price is $125.32 and its 200-day moving average price is $124.71. 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 has a market capitalization of $147.42 billion, a PE ratio of 31.05, a PEG ratio of 3.08 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 earnings per share. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS 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 paid a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.3%. TJX Companies's dividend payout ratio (DPR) is 40.00%.

Analyst Upgrades and Downgrades

TJX has been the subject of several recent research reports. TD Securities upped their price objective on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Barclays restated an "overweight" rating and set a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $141.06.

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the business'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 completion of the sale, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.