18,041 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by Silphium Asset Management Ltd

Silphium Asset Management Ltd acquired a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,041 shares of the apparel and home fashions retailer's stock, valued at approximately $2,197,000. TJX Companies accounts for 1.8% of Silphium Asset Management Ltd's investment portfolio, making the stock its 28th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of TJX. Shell Asset Management Co. grew its stake in TJX Companies by 16.5% during the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock worth $3,524,000 after buying an additional 4,128 shares during the period. Pathstone Holdings LLC increased its stake in TJX Companies by 10.1% during the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock valued at $88,992,000 after buying an additional 67,853 shares during the period. Ethic Inc. boosted its position in shares of TJX Companies by 21.1% during the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after purchasing an additional 29,158 shares in the last quarter. Fiduciary Trust Co boosted its holdings in shares of TJX Companies by 5.2% in the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock worth $349,284,000 after buying an additional 144,113 shares during the period. Finally, Pinnacle Financial Partners Inc boosted its holdings in shares of TJX Companies by 2.2% in the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock worth $46,989,000 after buying an additional 8,319 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of NYSE TJX traded up $0.35 during mid-day trading on Wednesday, hitting $125.61. The company had a trading volume of 3,817,986 shares, compared to its average volume of 5,193,462. The company has a market capitalization of $140.32 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 2.92 and a beta of 0.88. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The stock's 50-day moving average price is $127.06 and its 200-day moving average price is $124.10. 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 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. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the previous year, the business earned $0.93 EPS. TJX Companies's revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.35%. TJX Companies's payout ratio is 40.00%.

Insider Buying and Selling at TJX Companies

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 sale, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Cowen reissued a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Daiwa Capital Markets started coverage on TJX Companies in a report on Tuesday. They set an "outperform" rating and a $133.00 price objective for the company. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. TD Securities lifted their target price on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, Barclays restated an "overweight" rating and issued a $147.00 price target (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, TJX Companies presently has an average rating of "Buy" and an average target price of $141.06.

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.