Invesco LLC Has $1.07 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Invesco LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 48.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,820 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,886 shares during the period. Invesco LLC's holdings in TJX Companies were worth $1,074,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in TJX Companies by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock worth $11,998,201,000 after buying an additional 578,948 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of TJX Companies by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock valued at $2,930,965,000 after acquiring an additional 464,995 shares in the last quarter. Capital International Investors boosted its position in shares of TJX Companies by 4.5% during the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock valued at $1,769,600,000 after acquiring an additional 626,739 shares in the last quarter. Northern Trust Corp increased its stake 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 valued at $1,689,628,000 after acquiring an additional 1,845,225 shares during the period. Finally, Norges Bank acquired a new position in TJX Companies in the fourth quarter worth about $1,670,565,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm's 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 sale, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies Trading Down 0.1%

NYSE TJX traded down $0.06 on Tuesday, reaching $124.70. The company had a trading volume of 4,522,388 shares, compared to its average volume of 5,180,090. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The stock's 50 day moving average is $127.55 and its 200-day moving average is $124.08. 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 cap of $139.30 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 2.92 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. TJX Companies's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company posted $0.93 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

Analysts Set New Price Targets

TJX has been the topic of a number of recent research reports. UBS Group reaffirmed a "buy" rating and set a $164.00 price objective (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. Barclays reiterated an "overweight" rating and set a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, TJX Companies has an average rating of "Moderate Buy" and an average price target of $141.53.

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.