The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in The TJX Companies by 0.9%, owning a total of approximately 6.96 million shares worth $847.74 million by the end of the first quarter.
• Various other institutional investors have also bought or increased their positions in TJX Companies, with 91.09% of the stock now owned by institutional investors.
• TJX Companies reported a net revenue of $13.11 billion for the most recent quarter, exceeding analysts' estimates, and declared a quarterly dividend of $0.425, reflecting a 1.3% dividend yield.

Charles Schwab Investment Management Inc. lifted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,960,105 shares of the apparel and home fashions retailer's stock after buying an additional 62,171 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.62% of TJX Companies worth $847,741,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ASR Vermogensbeheer N.V. acquired a new stake in shares of TJX Companies during the first quarter worth about $48,610,000. Fi3 FINANCIAL ADVISORS LLC grew its stake in TJX Companies by 14.9% during the 1st quarter. Fi3 FINANCIAL ADVISORS LLC now owns 2,771 shares of the apparel and home fashions retailer's stock worth $337,000 after buying an additional 360 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its position in TJX Companies by 7.3% during the first quarter. Nicholas Hoffman & Company LLC. now owns 8,844 shares of the apparel and home fashions retailer's stock worth $1,077,000 after buying an additional 603 shares during the period. WealthShield Partners LLC lifted its stake in TJX Companies by 14.2% in the first quarter. WealthShield Partners LLC now owns 30,688 shares of the apparel and home fashions retailer's stock valued at $3,738,000 after buying an additional 3,818 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of TJX Companies by 1.1% in the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock valued at $12,230,396,000 after acquiring an additional 1,099,129 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In related 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 transaction of $121,685.50. Following the completion of the transaction, the director directly owned 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 document filed with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays reaffirmed an "overweight" rating and issued a $147.00 target price (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. UBS Group restated a "buy" rating and issued a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. 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. Finally, JPMorgan Chase & Co. upped their price objective on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, TJX Companies presently has a consensus rating of "Buy" and a consensus price target of $141.06.

TJX Companies Trading Up 2.6%

NYSE:TJX opened at $132.10 on Thursday. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. 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 stock has a fifty day moving average price of $125.22 and a two-hundred day moving average price of $124.64. The stock has a market capitalization of $147.57 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 3.00 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly 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. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter last year, the firm posted $0.93 EPS. The business's revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.3%. TJX Companies's dividend payout ratio is currently 40.00%.

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.

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