Tounjian Advisory Partners LLC Invests $3.07 Million in The TJX Companies, Inc. (NYSE:TJX)

Tounjian Advisory Partners LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,176 shares of the apparel and home fashions retailer's stock, valued at approximately $3,066,000.

Several other institutional investors also recently modified their holdings of TJX. Norges Bank bought a new position in shares of TJX Companies in the fourth quarter worth approximately $1,670,565,000. Raymond James Financial Inc. bought a new position in shares of TJX Companies in the fourth quarter worth approximately $570,342,000. GAMMA Investing LLC increased its position in shares of TJX Companies by 14,486.1% in the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after purchasing an additional 2,892,151 shares during the last quarter. Capital Research Global Investors boosted 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 worth $313,512,000 after buying an additional 2,266,415 shares in the last quarter. Finally, Northern Trust Corp boosted 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 worth $1,689,628,000 after buying an additional 1,845,225 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Down 1.2%

Shares of TJX Companies stock traded down $1.51 during midday trading on Wednesday, reaching $124.54. 4,145,652 shares of the company's stock traded hands, compared to its average volume of 5,214,762. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a market cap of $139.12 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90. The stock has a 50 day moving average of $127.73 and a 200-day moving average of $124.22. The TJX Companies, Inc. has a 12 month low of $106.18 and a 12 month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. As a group, equities analysts expect 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. Shareholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

Wall Street Analyst Weigh In

Several analysts have issued reports on TJX shares. UBS Group reaffirmed a "buy" rating and issued a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Barclays reaffirmed an "overweight" rating and issued a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Morgan Stanley set a $140.00 target price on TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $141.53.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm's 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 now owns 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company's stock.

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.