J.W. Cole Advisors Inc. Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

J.W. Cole Advisors Inc. grew its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 52.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,665 shares of the apparel and home fashions retailer's stock after acquiring an additional 9,816 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in TJX Companies were worth $3,491,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of TJX Companies during the fourth quarter worth $1,670,565,000. GAMMA Investing LLC grew its holdings in TJX Companies by 14,486.1% in the 1st 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 buying an additional 2,892,151 shares during the period. Capital Research Global Investors grew its stake in shares of TJX Companies by 689.6% during the 4th 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 buying an additional 2,266,415 shares during the period. Northern Trust Corp increased its position in TJX Companies by 15.2% during the 4th 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. Finally, Royal Bank of Canada grew 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 buying an additional 1,403,561 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TJX. TD Securities raised their price target on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Barclays reiterated an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $141.06.

TJX Companies Stock Up 0.0%

TJX Companies stock opened at $122.18 on Monday. The company has a 50-day simple moving average of $126.19 and a 200-day simple moving average of $124.15. The firm has a market capitalization of $136.49 billion, a P/E ratio of 28.75, a P/E/G ratio of 2.85 and a beta of 0.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85.

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

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders 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 yield of 1.39%. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction dated 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 transaction, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company's stock.

TJX Companies Company 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.

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