The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,865 shares of the apparel and home fashions retailer's stock after purchasing an additional 8,175 shares during the quarter. Wealthfront Advisers LLC's holdings in TJX Companies were worth $19,106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Norges Bank purchased a new stake in shares of TJX Companies during the fourth quarter worth approximately $1,670,565,000. GAMMA Investing LLC raised its stake in shares of TJX Companies by 14,486.1% during 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 raised its stake in shares of TJX Companies by 689.6% during 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 purchasing an additional 2,266,415 shares during the last quarter. Northern Trust Corp raised its position 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 acquiring an additional 1,845,225 shares in the last quarter. Finally, Royal Bank of Canada raised its position 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 worth $1,486,074,000 after acquiring an additional 1,403,561 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies Price Performance

Shares of TJX traded down $1.81 during trading hours on Tuesday, reaching $121.75. 4,719,616 shares of the company traded hands, compared to its average volume of 5,202,465. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $136.01 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 2.88 and a beta of 0.88. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The stock has a fifty day simple moving average of $126.71 and a 200 day simple moving average of $124.12.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period last year, the company earned $0.93 EPS. The firm's quarterly revenue was up 5.1% on a year-over-year basis. As a group, research analysts predict 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 issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.40%. TJX Companies's dividend payout ratio (DPR) is 40.00%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, May 21st. UBS Group reiterated a "buy" rating and issued a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Finally, Robert W. Baird upped their target price on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $141.06.

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.