Natixis Advisors LLC Boosts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Natixis Advisors LLC increased its position in The TJX Companies by 4.0% during the 1st quarter, now owning 1,356,334 shares valued at approximately $165.2 million.
• Several institutional investors, including Shell Asset Management Co. and Ethic Inc., also raised their stakes in TJX, indicating strong investor confidence in the company.
• Analysts have set a consensus price target of $141.06 for TJX shares, with most analysts rating the stock as a “buy” or “outperform.”

Natixis Advisors LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,356,334 shares of the apparel and home fashions retailer's stock after acquiring an additional 52,458 shares during the period. Natixis Advisors LLC owned 0.12% of TJX Companies worth $165,201,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. TCTC Holdings LLC lifted its position in TJX Companies by 210.1% during the first 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 increased its holdings 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 during the period. Iron Horse Wealth Management LLC increased its holdings in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC bought a new position in shares of TJX Companies during the first quarter worth approximately $37,000. Finally, Rialto Wealth Management LLC increased its holdings in shares of TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after purchasing an additional 179 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TJX. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Robert W. Baird lifted their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $141.06.

TJX Companies Price Performance

Shares of NYSE:TJX traded up $1.36 during midday trading on Friday, reaching $125.89. 4,855,347 shares of the company were exchanged, compared to its average volume of 4,410,306. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The business's fifty day moving average is $125.01 and its two-hundred day moving average is $124.41. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The stock has a market cap of $140.63 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 2.90 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter last year, the business earned $0.93 earnings per share. TJX Companies's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the 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 in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

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.