QRG Capital Management Inc. Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

QRG Capital Management Inc. grew its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 319,669 shares of the apparel and home fashions retailer's stock after acquiring an additional 17,239 shares during the quarter. QRG Capital Management Inc.'s holdings in TJX Companies were worth $38,936,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TJX. Vanguard Group Inc. raised its stake in shares of TJX Companies by 0.6% during the fourth 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 acquiring an additional 578,948 shares in the last quarter. Geode Capital Management LLC increased its holdings in TJX Companies by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock worth $2,930,965,000 after purchasing an additional 464,995 shares during the period. Capital International Investors raised its position in TJX Companies by 4.5% during 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 purchasing an additional 626,739 shares in the last quarter. Northern Trust Corp lifted its holdings 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 worth $1,689,628,000 after buying an additional 1,845,225 shares during the period. Finally, Norges Bank bought a new position in shares of TJX Companies during the 4th quarter worth $1,670,565,000. 91.09% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TJX. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. raised their price target on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has an average rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Price Performance

Shares of TJX stock traded up $0.36 during mid-day trading on Monday, hitting $124.27. 4,929,912 shares of the stock were exchanged, compared to its average volume of 5,211,447. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market cap of $138.83 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90. The firm has a fifty day moving average of $127.91 and a 200 day moving average of $124.17.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates 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 EPS. TJX Companies's quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.37%. TJX Companies's dividend payout ratio (DPR) is 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.