OVERSEA CHINESE BANKING Corp Ltd Raises Stake in The TJX Companies, Inc. (NYSE:TJX)

OVERSEA CHINESE BANKING Corp Ltd lifted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 23.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 169,938 shares of the apparel and home fashions retailer's stock after purchasing an additional 32,605 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in TJX Companies were worth $20,688,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of TJX Companies in the 4th quarter valued at about $1,670,565,000. GAMMA Investing LLC increased its position in TJX Companies by 14,486.1% during the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after buying an additional 2,892,151 shares in the last quarter. Capital Research Global Investors raised its stake in 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 valued at $313,512,000 after buying an additional 2,266,415 shares during the last quarter. Northern Trust Corp boosted its holdings in 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 acquiring an additional 1,845,225 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of TJX Companies by 12.9% during the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after acquiring an additional 1,403,561 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 0.4%

NYSE TJX opened at $123.69 on Monday. The business has a fifty day moving average price of $126.82 and a 200 day moving average price of $124.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The company has a market cap of $138.17 billion, a P/E ratio of 29.10, a P/E/G ratio of 2.89 and a beta of 0.88. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85.

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, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business 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 $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent analyst reports. Cowen restated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Morgan Stanley set a $140.00 target price on TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. UBS Group reaffirmed a "buy" rating and set a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Barclays reissued an "overweight" rating and set a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. 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. Based on data from MarketBeat, TJX Companies has a consensus rating of "Buy" and an average target price of $141.06.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the business'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 owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by company 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.

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