Mitsubishi UFJ Asset Management Co. Ltd. Buys 227,911 Shares of The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in The TJX Companies, acquiring an additional 227,911 shares, raising its total ownership to 2,418,454 shares valued at approximately $294.6 million.
• Several other institutional investors have also increased their positions in TJX, with notable gains including TCTC Holdings LLC, which boosted its stake by 210.1%.
• The company reported quarterly earnings of $0.92 per share, exceeding analyst expectations, with revenues of $13.11 billion, a year-over-year increase of 5.1%.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,418,454 shares of the apparel and home fashions retailer's stock after buying an additional 227,911 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.22% of TJX Companies worth $294,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. TCTC Holdings LLC boosted its stake in TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after acquiring an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in shares of TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC grew its holdings 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 buying an additional 149 shares during the period. Inlight Wealth Management LLC bought a new stake in TJX Companies during the 1st quarter worth approximately $37,000. Finally, Rialto Wealth Management LLC boosted its holdings in shares of TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after buying an additional 179 shares during the period. Institutional investors own 91.09% of the company's stock.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of the company'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 value of $121,685.50. Following the transaction, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Robert W. Baird boosted their price target on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. UBS Group reiterated 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. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, TJX Companies presently has a consensus rating of "Buy" and a consensus price target of $141.06.

TJX Companies Price Performance

Shares of NYSE TJX opened at $132.10 on Thursday. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The stock has a market capitalization of $147.57 billion, a P/E ratio of 31.08, a P/E/G ratio of 3.00 and a beta of 0.89. The company's 50-day moving average is $125.22 and its 200 day moving average is $124.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts expect 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 dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is 40.00%.

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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