Penserra Capital Management LLC Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Penserra Capital Management LLC lifted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 142.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,156 shares of the apparel and home fashions retailer's stock after acquiring an additional 4,203 shares during the period. Penserra Capital Management LLC's holdings in TJX Companies were worth $870,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after acquiring an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after acquiring an additional 235 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of TJX Companies by 62.3% during the fourth quarter. Proficio Capital Partners LLC now owns 4,473 shares of the apparel and home fashions retailer's stock valued at $540,000 after acquiring an additional 1,717 shares in the last quarter. Simplicity Wealth LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $222,000. Finally, Moran Wealth Management LLC increased its holdings in TJX Companies by 2.8% during the fourth quarter. Moran Wealth Management LLC now owns 5,735 shares of the apparel and home fashions retailer's stock valued at $693,000 after buying an additional 154 shares during the period. Institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TJX shares. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. UBS Group reiterated a "buy" rating and set a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, TJX Companies currently has an average rating of "Buy" and a consensus price target of $141.06.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the 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 completion of the sale, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

TJX Companies Price Performance

NYSE TJX traded down $0.47 during trading hours on Friday, hitting $123.69. 4,145,943 shares of the company's stock traded hands, compared to its average volume of 5,202,666. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The company has a market capitalization of $138.17 billion, a PE ratio of 29.10, a PEG ratio of 2.90 and a beta of 0.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The firm's 50-day moving average is $126.82 and its 200-day moving average is $124.13.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (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 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 company earned $0.93 EPS. TJX Companies's revenue was up 5.1% compared to the same quarter last year. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed 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 presently 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.