MGO One Seven LLC Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

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MGO One Seven LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,106 shares of the apparel and home fashions retailer's stock after purchasing an additional 5,382 shares during the quarter. MGO One Seven LLC's holdings in TJX Companies were worth $5,494,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of TJX Companies by 14,486.1% in 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 buying an additional 2,892,151 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of TJX Companies by 689.6% in 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 buying an additional 2,266,415 shares during the last quarter. Northern Trust Corp boosted its stake in shares of 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 buying an additional 1,845,225 shares during the last quarter. Royal Bank of Canada boosted 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 worth $1,486,074,000 after buying an additional 1,403,561 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of TJX Companies by 65.8% in the first quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock worth $399,790,000 after buying an additional 1,302,845 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

NYSE TJX traded up $1.36 during trading hours on Friday, hitting $125.89. 4,855,347 shares of the company's stock traded hands, compared to its average volume of 4,410,306. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The company has a market capitalization of $140.63 billion, a PE ratio of 29.62, a PEG ratio of 2.90 and a beta of 0.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The firm's 50-day moving average is $125.01 and its 200-day moving average is $124.45.

TJX Companies (NYSE:TJX - Get Free Report) last issued its 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 net margin of 8.47% and a return on equity of 58.81%. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. TJX Companies's quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced 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 of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.4%. TJX Companies's payout ratio is 40.00%.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies 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 transaction, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

TJX has been the topic of a number of recent research reports. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. UBS Group restated a "buy" rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Cowen restated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, TJX Companies currently has an average rating of "Buy" and a consensus target price of $141.06.

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.