Allspring Global Investments Holdings LLC Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Allspring Global Investments Holdings LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 299,492 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,187 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in TJX Companies were worth $36,754,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TJX. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at $30,000. Promus Capital LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $32,000. Inlight Wealth Management LLC bought a new position in TJX Companies in the 1st quarter valued at $37,000. Tacita Capital Inc bought a new position in TJX Companies in the fourth quarter valued at about $38,000. Finally, Rialto Wealth Management LLC increased its position 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 purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

TJX traded up $0.67 during trading on Friday, hitting $125.98. The stock had a trading volume of 2,986,646 shares, compared to its average volume of 5,198,385. The TJX Companies, Inc. has a one year low of $107.71 and a one year 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 firm has a market cap of $140.73 billion, a price-to-earnings ratio of 29.64, a P/E/G ratio of 2.93 and a beta of 0.88. The company has a 50 day moving average price of $127.17 and a 200-day moving average price of $124.01.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results 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. The company had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 EPS. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Wall Street Analyst Weigh In

Several brokerages have commented on TJX. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research report on Wednesday, May 21st. Robert W. Baird upped their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Barclays reissued an "overweight" rating and set a $147.00 target price (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Finally, Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the company an "overweight" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.