Northeast Investment Management Has $16.17 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Northeast Investment Management raised its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 11.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,790 shares of the apparel and home fashions retailer's stock after purchasing an additional 13,397 shares during the period. Northeast Investment Management's holdings in TJX Companies were worth $16,174,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TJX. Bogart Wealth LLC acquired a new stake in TJX Companies during the fourth quarter worth approximately $25,000. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth $30,000. Promus Capital LLC bought a new position in shares of TJX Companies in the fourth quarter worth $32,000. Tacita Capital Inc acquired a new position in TJX Companies in the fourth quarter valued at about $38,000. Finally, Rialto Wealth Management LLC lifted its position in 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. 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 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 now owns 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

TJX Companies Trading Down 0.6%

NYSE TJX traded down $0.71 on Friday, reaching $123.75. The company had a trading volume of 3,786,474 shares, compared to its average volume of 5,208,612. The firm has a market cap of $138.25 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 2.75 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a fifty-two week low of $106.89 and a fifty-two week high of $135.85. The business has a 50 day moving average of $127.83 and a two-hundred day moving average of $124.22.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The business's quarterly revenue was up 5.1% on a year-over-year basis. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 annualized dividend and a yield of 1.37%. TJX Companies's dividend payout ratio is currently 40.00%.

Analysts Set New Price Targets

TJX has been the subject of several analyst reports. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research report on Wednesday, May 21st. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Finally, TD Securities lifted their price target on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $141.53.

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.