Financiere des Professionnels Fonds d investissement inc. increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,601 shares of the apparel and home fashions retailer's stock after acquiring an additional 2,227 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in TJX Companies were worth $5,311,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Clear Creek Financial Management LLC increased its holdings in shares of TJX Companies by 1.8% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after acquiring an additional 83 shares during the last quarter. One Charles Private Wealth Services LLC boosted its stake in TJX Companies by 5.0% in the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after purchasing an additional 86 shares during the period. Salem Investment Counselors Inc. raised its stake in TJX Companies by 2.2% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after purchasing an additional 86 shares in the last quarter. Amplius Wealth Advisors LLC boosted its holdings in TJX Companies by 4.2% in the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after purchasing an additional 93 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its holdings in TJX Companies by 0.7% in the 1st quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock valued at $1,724,000 after purchasing an additional 96 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.
TJX Companies Trading Up 0.3%
Shares of NYSE:TJX traded up $0.35 during mid-day trading on Wednesday, reaching $125.61. 3,797,475 shares of the company's stock were exchanged, compared to its average volume of 5,399,053. The firm has a market capitalization of $140.32 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 2.92 and a beta of 0.88. The business's fifty day moving average price is $127.06 and its 200-day moving average price is $124.10. 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 TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85.
TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping 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 company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. TJX Companies's revenue was up 5.1% compared to the same quarter last year. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.
TJX Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.
Insider Activity at TJX Companies
In other news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction 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 sale, the director directly owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.
Analyst Ratings Changes
TJX has been the subject of a number of recent research reports. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a report on Tuesday. They issued an "outperform" rating and a $133.00 price objective for the company. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. UBS Group reissued a "buy" rating and issued a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, TJX Companies currently has an average rating of "Buy" and an average price target of $141.06.
Check Out Our Latest Stock Analysis on TJX
TJX Companies Profile
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Free Report)
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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