Stableford Capital II LLC Buys Shares of 8,050 The TJX Companies, Inc. (NYSE:TJX)

Stableford Capital II LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 8,050 shares of the apparel and home fashions retailer's stock, valued at approximately $1,027,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new stake in TJX Companies in the fourth quarter worth about $30,000. Promus Capital LLC acquired a new stake in TJX Companies in the fourth quarter worth about $32,000. Tacita Capital Inc acquired a new stake in TJX Companies in the fourth quarter worth about $38,000. Rialto Wealth Management LLC boosted its holdings in TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after acquiring an additional 179 shares in the last quarter. Finally, Proathlete Wealth Management LLC acquired a new stake in TJX Companies in the first quarter worth about $52,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 0.4%

Shares of NYSE:TJX opened at $122.48 on Friday. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The company has a market capitalization of $136.82 billion, a PE ratio of 28.82, a PEG ratio of 2.90 and a beta of 0.90. The business has a 50 day moving average of $127.76 and a two-hundred day 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 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 during the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the company posted $0.93 earnings per share. TJX Companies's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Barclays reissued an "overweight" rating and issued a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Finally, Cowen reaffirmed a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $141.53.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the company'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 transaction, the director now directly owns 22,712 shares of the company's stock, valued at $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 available through this link. Corporate insiders own 0.13% of the company's stock.

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.

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