TD Private Client Wealth LLC Raises Stake in The TJX Companies, Inc. (NYSE:TJX)

TD Private Client Wealth LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 21.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,776 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,598 shares during the quarter. TD Private Client Wealth LLC's holdings in TJX Companies were worth $1,800,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Shell Asset Management Co. raised its holdings in TJX Companies by 16.5% in the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock valued at $3,524,000 after acquiring an additional 4,128 shares in the last quarter. Pathstone Holdings LLC raised its holdings in TJX Companies by 10.1% in the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock valued at $88,992,000 after acquiring an additional 67,853 shares in the last quarter. Ethic Inc. raised its holdings in TJX Companies by 21.1% in the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after acquiring an additional 29,158 shares in the last quarter. Fiduciary Trust Co raised its holdings in 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 valued at $349,284,000 after acquiring an additional 144,113 shares in the last quarter. Finally, Pinnacle Financial Partners Inc raised its holdings in 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 valued at $46,989,000 after acquiring an additional 8,319 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analyst Weigh In

TJX has been the topic of several analyst reports. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. UBS Group reissued a "buy" rating and set a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $141.06.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

Shares of TJX traded down $0.47 during mid-day trading on Friday, reaching $123.69. 4,145,943 shares of the company's stock were exchanged, compared to its average volume of 5,208,034. The business's fifty day simple moving average is $126.82 and its 200-day simple moving average is $124.13. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The stock has a market capitalization of $138.17 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 2.89 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period last year, the firm posted $0.93 EPS. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 dividend on an annualized basis and a 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.