Private Advisor Group LLC Has $14.18 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Private Advisor Group LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,401 shares of the apparel and home fashions retailer's stock after purchasing an additional 15,135 shares during the period. Private Advisor Group LLC's holdings in TJX Companies were worth $14,178,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of TJX Companies by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after buying an additional 578,948 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of TJX Companies by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock valued at $2,930,965,000 after buying an additional 464,995 shares in the last quarter. Capital International Investors grew its stake in shares of TJX Companies by 4.5% in the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock valued at $1,769,600,000 after buying an additional 626,739 shares in the last quarter. Northern Trust Corp grew its stake in shares of TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after buying an additional 1,845,225 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of TJX Companies in the 4th quarter valued at approximately $1,670,565,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Performance

TJX stock traded up $0.01 during midday trading on Friday, hitting $122.18. The stock had a trading volume of 3,464,315 shares, compared to its average volume of 5,190,310. The firm has a market capitalization of $136.49 billion, a price-to-earnings ratio of 28.75, a P/E/G ratio of 2.85 and a beta of 0.88. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The stock has a 50-day simple moving average of $126.19 and a 200 day simple moving average of $124.12. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34.

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, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. TJX Companies's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.39%. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

Insider Buying and Selling

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 transaction of $121,685.50. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TJX. Daiwa Capital Markets began coverage on TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price for the company. JPMorgan Chase & Co. upped their target price on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. UBS Group reaffirmed a "buy" rating and set a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, TJX Companies currently has a consensus rating of "Buy" and a consensus price target of $141.06.

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.