The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in The TJX Companies by 2.8%, owning approximately 0.81% of the company worth over $1 billion after acquiring additional shares in the first quarter.
• Wall Street analysts are optimistic about TJX, with numerous firms setting price targets above $140 and the stock receiving an average "Buy" rating from 19 analysts.
• The TJX Companies declared a quarterly dividend of $0.425 per share, resulting in an annual dividend yield of 1.3%, with payments scheduled for September 4th.

Invesco Ltd. lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,000,600 shares of the apparel and home fashions retailer's stock after purchasing an additional 247,579 shares during the quarter. Invesco Ltd. owned about 0.81% of TJX Companies worth $1,096,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fiduciary Family Office LLC acquired a new position in shares of TJX Companies during the 1st quarter worth $530,000. True North Advisors LLC grew its stake in shares of TJX Companies by 3.1% during the 1st quarter. True North Advisors LLC now owns 4,202 shares of the apparel and home fashions retailer's stock worth $512,000 after purchasing an additional 128 shares during the period. NWK Group Inc. acquired a new position in shares of TJX Companies during the 1st quarter worth $1,881,000. Lcnb Corp grew its stake in shares of TJX Companies by 3.0% during the 1st quarter. Lcnb Corp now owns 16,101 shares of the apparel and home fashions retailer's stock worth $1,961,000 after purchasing an additional 464 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of TJX Companies during the 1st quarter worth $22,556,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TJX. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Robert W. Baird increased their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Finally, TD Securities increased 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. 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 stock. According to MarketBeat, TJX Companies has an average rating of "Buy" and an average price target of $141.06.

Insider Buying and Selling at TJX Companies

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

TJX Companies Price Performance

NYSE:TJX opened at $131.64 on Friday. The firm has a market cap of $147.06 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 3.08 and a beta of 0.89. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The company's 50-day moving average is $125.41 and its two-hundred day moving average is $124.77. 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 earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (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 analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. Research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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 issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.3%. The ex-dividend date 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.

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