InTrack Investment Management Inc Purchases 2,447 Shares of The TJX Companies, Inc. (NYSE:TJX)

InTrack Investment Management Inc raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 48.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,497 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,447 shares during the period. InTrack Investment Management Inc's holdings in TJX Companies were worth $913,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of TJX Companies in the 4th quarter worth about $1,670,565,000. Raymond James Financial Inc. bought a new stake in shares of TJX Companies during the 4th quarter valued at about $570,342,000. GAMMA Investing LLC grew its stake in TJX Companies by 14,486.1% during the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after purchasing an additional 2,892,151 shares during the period. Capital Research Global Investors grew its stake in TJX Companies by 689.6% during the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after purchasing an additional 2,266,415 shares during the period. Finally, Northern Trust Corp increased its holdings in 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 worth $1,689,628,000 after purchasing an additional 1,845,225 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on TJX. Robert W. Baird raised their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Finally, Barclays reaffirmed an "overweight" rating and issued a $147.00 target price (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies has an average rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Stock Down 0.6%

TJX Companies stock traded down $0.71 during trading on Friday, hitting $123.75. 3,786,474 shares of the company were exchanged, compared to its average volume of 5,208,612. The company has a market capitalization of $138.25 billion, a P/E ratio of 29.12, a PEG ratio of 2.75 and a beta of 0.90. The business's 50 day moving average is $127.83 and its 200 day moving average is $124.22. The TJX Companies, Inc. has a 52 week low of $106.89 and a 52 week high of $135.85. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm 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 business posted $0.93 EPS. The business's revenue was up 5.1% compared to the same quarter last year. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued 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 yield of 1.37%. TJX Companies's dividend payout ratio (DPR) is presently 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.