Smith Group Asset Management LLC Buys 7,561 Shares of The TJX Companies, Inc. (NYSE:TJX)

Smith Group Asset Management LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 212,741 shares of the apparel and home fashions retailer's stock after buying an additional 7,561 shares during the quarter. TJX Companies makes up approximately 1.9% of Smith Group Asset Management LLC's portfolio, making the stock its 24th largest holding. Smith Group Asset Management LLC's holdings in TJX Companies were worth $25,912,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in TJX Companies during the fourth quarter worth about $30,000. Promus Capital LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at approximately $32,000. Inlight Wealth Management LLC bought a new position in TJX Companies in the 1st quarter worth approximately $37,000. Tacita Capital Inc purchased a new position in TJX Companies in the 4th quarter valued at approximately $38,000. Finally, Rialto Wealth Management LLC raised its holdings in TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after acquiring an additional 179 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction on 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 owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on TJX. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Robert W. Baird raised their target price on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. TD Securities lifted their target price on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Price Performance

TJX traded up $1.68 during trading on Tuesday, reaching $125.17. The stock had a trading volume of 5,078,603 shares, compared to its average volume of 5,193,621. The business has a 50-day moving average of $127.20 and a 200-day moving average of $123.97. 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 quick ratio of 0.51 and a current ratio of 1.16. The stock has a market cap of $139.83 billion, a PE ratio of 29.45, a PEG ratio of 2.92 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $13.11 billion for the quarter, compared to analyst estimates 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 was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 EPS. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm 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 $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 1.36%. TJX Companies's payout ratio is 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.