The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,115 shares of the apparel and home fashions retailer's stock after acquiring an additional 6,987 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in TJX Companies were worth $18,649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TJX. Millstone Evans Group LLC purchased a new stake in TJX Companies in the 4th quarter valued at approximately $30,000. Promus Capital LLC acquired a new stake in shares of TJX Companies during the fourth quarter valued at $32,000. Inlight Wealth Management LLC purchased a new stake in TJX Companies during the 1st quarter worth about $37,000. Tacita Capital Inc purchased a new stake in TJX Companies during the 4th quarter worth about $38,000. Finally, Rialto Wealth Management LLC raised its stake in TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred 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 sale, the director owned 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

TJX Companies Trading Up 1.4%

Shares of TJX stock traded up $1.68 during mid-day trading on Tuesday, reaching $125.17. The company's stock had a trading volume of 5,078,603 shares, compared to its average volume of 5,193,621. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $139.83 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 2.92 and a beta of 0.90. The company's 50 day simple moving average is $127.20 and its 200-day simple moving average is $123.97. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $13.01 billion. During the same period last year, the company posted $0.93 earnings per share. The firm's revenue was up 5.1% compared to the same quarter last year. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent analyst reports. TD Securities upped their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. increased their price target on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Loop Capital set a $150.00 price objective on TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, UBS Group restated a "buy" rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. One investment 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 an average 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.