IFM Investors Pty Ltd Boosts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

IFM Investors Pty Ltd increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 221,844 shares of the apparel and home fashions retailer's stock after buying an additional 19,702 shares during the period. IFM Investors Pty Ltd's holdings in TJX Companies were worth $26,076,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its position in TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after buying an additional 235 shares during the period. Fisher Asset Management LLC increased its position in shares of TJX Companies by 25.8% during the fourth quarter. Fisher Asset Management LLC now owns 8,481 shares of the apparel and home fashions retailer's stock worth $1,025,000 after buying an additional 1,738 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of TJX Companies during the fourth quarter worth $89,000. Finally, Victory Capital Management Inc. increased its position in shares of TJX Companies by 2.1% during the fourth quarter. Victory Capital Management Inc. now owns 911,394 shares of the apparel and home fashions retailer's stock worth $110,106,000 after buying an additional 18,935 shares during the period. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Up 0.5%

Shares of TJX traded up $0.67 during trading hours on Friday, reaching $125.98. 2,986,646 shares of the stock traded hands, compared to its average volume of 5,198,385. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. 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 simple moving average of $127.16 and a 200 day simple moving average of $124.03. The company has a market cap of $140.73 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 2.94 and a beta of 0.88.

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, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $13.11 billion for 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 quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TJX. Cowen reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Robert W. Baird raised their price target on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. raised their price target 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. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat, TJX Companies presently has an average rating of "Moderate Buy" and an average target price of $141.53.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the firm's 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 completion of the sale, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.