Migdal Insurance & Financial Holdings Ltd. Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 190,317 shares of the apparel and home fashions retailer's stock, valued at approximately $23,181,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new position in TJX Companies during the 4th quarter valued at about $30,000. Atlantic Edge Private Wealth Management LLC lifted its position in TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 110 shares during the period. Iron Horse Wealth Management LLC raised its position in shares of TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new stake in shares of TJX Companies in the 1st quarter valued at approximately $37,000. Finally, Rialto Wealth Management LLC raised its position in shares of TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after acquiring an additional 179 shares during the period. Institutional investors own 91.09% of the company's stock.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research reports. Robert W. Baird increased their target price on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $141.06.

TJX Companies Stock Up 0.0%

NYSE TJX traded up $0.01 on Friday, reaching $122.18. The company had a trading volume of 3,464,315 shares, compared to its average volume of 5,192,437. The stock 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's fifty day moving average is $126.19 and its 200 day moving average is $124.10. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given 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 dividend yield of 1.39%. TJX Companies's dividend payout ratio 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.