Sequoia Financial Advisors LLC Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Sequoia Financial Advisors LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 48.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,027 shares of the apparel and home fashions retailer's stock after buying an additional 64,570 shares during the quarter. Sequoia Financial Advisors LLC's holdings in TJX Companies were worth $24,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of TJX Companies by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after buying an additional 578,948 shares during the last quarter. Geode Capital Management LLC grew its stake in TJX Companies by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock valued at $2,930,965,000 after purchasing an additional 464,995 shares during the last quarter. Capital International Investors increased its holdings in shares of TJX Companies by 4.5% in the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock valued at $1,769,600,000 after purchasing an additional 626,739 shares during the period. Northern Trust Corp increased its holdings in shares of TJX Companies by 15.2% in the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after purchasing an additional 1,845,225 shares during the period. Finally, Norges Bank purchased a new position in shares of TJX Companies in the fourth quarter worth about $1,670,565,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of TJX Companies 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 now directly owns 22,712 shares of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. Robert W. Baird boosted their price objective on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. TD Securities upped their target price on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Finally, Morgan Stanley set a $140.00 price target on TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of "Moderate Buy" and an average target price of $141.53.

TJX Companies Trading Down 0.1%

Shares of NYSE TJX traded down $0.13 during midday trading on Thursday, reaching $122.35. 8,381,974 shares of the stock were exchanged, compared to its average volume of 5,197,533. The stock has a market capitalization of $136.68 billion, a P/E ratio of 28.79, a PEG ratio of 2.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The company has a 50 day simple moving average of $127.40 and a 200 day simple moving average of $124.07. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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 given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

About TJX Companies

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.