GAMMA Investing LLC Has $354.70 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

GAMMA Investing LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14,486.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,912,116 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,892,151 shares during the quarter. GAMMA Investing LLC owned approximately 0.26% of TJX Companies worth $354,696,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TJX. Norges Bank acquired a new position in TJX Companies in the fourth quarter worth $1,670,565,000. Raymond James Financial Inc. acquired a new position in TJX Companies in the fourth quarter worth $570,342,000. Capital Research Global Investors lifted its stake in TJX Companies by 689.6% in the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock valued at $313,512,000 after buying an additional 2,266,415 shares during the last quarter. Northern Trust Corp lifted its stake in TJX Companies by 15.2% in the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after buying an additional 1,845,225 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in TJX Companies by 12.9% in the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after buying an additional 1,403,561 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent research reports. Morgan Stanley set a $140.00 target price on TJX Companies and gave the company an "overweight" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised their target price on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Loop Capital set a $150.00 price target on TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Trading Up 0.5%

Shares of NYSE TJX traded up $0.69 during mid-day trading on Wednesday, hitting $128.81. 1,623,479 shares of the company traded hands, compared to its average volume of 5,236,355. The business has a 50 day moving average of $127.21 and a two-hundred day moving average of $123.97. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $143.89 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 1 year low of $104.25 and a 1 year high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's payout ratio is currently 40.00%.

TJX Companies Company 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.