The TJX Companies, Inc. (NYSE:TJX) Stock Position Lifted by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. boosted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 613,675 shares of the apparel and home fashions retailer's stock after buying an additional 40,121 shares during the quarter. TJX Companies makes up approximately 1.5% of Ferguson Wellman Capital Management Inc.'s portfolio, making the stock its 21st largest holding. Ferguson Wellman Capital Management Inc. owned approximately 0.05% of TJX Companies worth $74,746,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Brighton Jones LLC lifted its stake in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after buying an additional 235 shares during the last quarter. Empowered Funds LLC increased its holdings in TJX Companies by 12.1% in the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock valued at $4,130,000 after purchasing an additional 3,691 shares during the last quarter. Savant Capital LLC increased its holdings in TJX Companies by 7.7% in the 4th quarter. Savant Capital LLC now owns 32,282 shares of the apparel and home fashions retailer's stock valued at $3,900,000 after purchasing an additional 2,299 shares during the last quarter. Finally, Sovran Advisors LLC acquired a new stake in TJX Companies in the 4th quarter valued at approximately $515,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 value of $121,685.50. Following the transaction, the director now owns 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on TJX. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the company an "overweight" 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 report on Wednesday, May 21st. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat, TJX Companies currently has an average rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Stock Down 0.6%

NYSE TJX traded down $0.71 during trading hours on Friday, reaching $123.75. 3,786,474 shares of the company traded hands, compared to its average volume of 5,206,524. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $138.25 billion, a PE ratio of 29.12, a PEG ratio of 2.75 and a beta of 0.90. The company has a 50 day moving average of $127.91 and a two-hundred day moving average of $124.20.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period last year, the firm posted $0.93 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.37%. TJX Companies's payout ratio is 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.