Victory Capital Management Inc. Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Victory Capital Management Inc. boosted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 942,238 shares of the apparel and home fashions retailer's stock after acquiring an additional 30,844 shares during the quarter. Victory Capital Management Inc. owned 0.08% of TJX Companies worth $114,765,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bridgewater Advisors Inc. acquired a new stake in TJX Companies in the 1st quarter valued at $455,000. Larson Financial Group LLC increased its stake in TJX Companies by 183.1% in the 1st quarter. Larson Financial Group LLC now owns 5,674 shares of the apparel and home fashions retailer's stock valued at $691,000 after buying an additional 3,670 shares during the last quarter. Wealthfront Advisers LLC increased its stake in TJX Companies by 5.5% in the 1st quarter. Wealthfront Advisers LLC now owns 156,865 shares of the apparel and home fashions retailer's stock valued at $19,106,000 after buying an additional 8,175 shares during the last quarter. First Business Financial Services Inc. increased its stake in TJX Companies by 7.4% in the 1st quarter. First Business Financial Services Inc. now owns 21,013 shares of the apparel and home fashions retailer's stock valued at $2,559,000 after buying an additional 1,452 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in TJX Companies by 3.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 260,043 shares of the apparel and home fashions retailer's stock valued at $31,673,000 after buying an additional 8,603 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TJX shares. TD Securities lifted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. Robert W. Baird lifted their price target on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One 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's stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of "Buy" and a consensus price target of $141.06.

TJX Companies Price Performance

Shares of TJX Companies stock traded up $0.01 on Friday, reaching $122.18. 3,464,303 shares of the stock were exchanged, compared to its average volume of 5,200,773. The firm's 50 day moving average is $126.31 and its 200-day moving average is $124.09. 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 firm has a market cap of $136.49 billion, a PE ratio of 28.75, a P/E/G ratio of 2.83 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (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 business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same period in the prior year, the company earned $0.93 EPS. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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 given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Transactions at TJX Companies

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 directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

About TJX Companies

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.