Rhumbline Advisers Acquires 38,286 Shares of The TJX Companies, Inc. (NYSE:TJX)

Rhumbline Advisers lifted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,284,862 shares of the apparel and home fashions retailer's stock after buying an additional 38,286 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of TJX Companies worth $278,296,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Bogart Wealth LLC bought a new stake in TJX Companies in the fourth quarter worth $25,000. SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $30,000. Millstone Evans Group LLC bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $30,000. Promus Capital LLC purchased a new stake in TJX Companies during the 4th quarter valued at $32,000. Finally, Tacita Capital Inc bought a new stake in TJX Companies in the fourth quarter worth $38,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $0.73 during midday trading on Thursday, reaching $127.34. 1,160,113 shares of the company were exchanged, compared to its average volume of 5,231,969. The stock has a market cap of $142.25 billion, a P/E ratio of 29.96, a PEG ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 1 year low of $105.53 and a 1 year high of $135.85. The stock has a fifty day simple moving average of $127.41 and a 200 day simple moving average of $124.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (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 net margin of 8.63% and a return on equity of 61.82%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio 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 shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director now directly owns 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

TJX has been the subject of several recent analyst reports. Telsey Advisory Group restated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research report on Wednesday, May 21st. UBS Group reiterated a "buy" rating and issued a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Robert W. Baird lifted their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

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.