Park Avenue Securities LLC Purchases 2,378 Shares of The TJX Companies, Inc. (NYSE:TJX)

Park Avenue Securities LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,591 shares of the apparel and home fashions retailer's stock after buying an additional 2,378 shares during the quarter. Park Avenue Securities LLC's holdings in TJX Companies were worth $9,451,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Norges Bank bought a new position in TJX Companies during the 4th quarter worth about $1,670,565,000. Raymond James Financial Inc. acquired a new stake in TJX Companies in the 4th quarter worth approximately $570,342,000. GAMMA Investing LLC boosted its stake in TJX Companies by 14,486.1% in the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after purchasing an additional 2,892,151 shares in the last quarter. Capital Research Global Investors raised its position in TJX Companies by 689.6% during the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after buying an additional 2,266,415 shares during the last quarter. Finally, Northern Trust Corp raised its position in TJX Companies by 15.2% during the 4th 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 buying an additional 1,845,225 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Activity

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the company an "overweight" rating in a report on Thursday, May 22nd. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Cowen reissued a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, TD Securities lifted their target price on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $141.53.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $128.55 on Friday. The TJX Companies, Inc. has a one year low of $106.18 and a one year high of $135.85. The company has a market cap of $143.60 billion, a PE ratio of 30.25, 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 quick ratio of 0.50 and a current ratio of 1.19. The business has a 50-day simple moving average of $127.63 and a 200-day simple moving average of $124.14.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results 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 61.82% and a net margin of 8.63%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 earnings per share. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th were issued a $0.425 dividend. This is an increase from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, May 15th. 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.

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