F M Investments LLC Buys 20,598 Shares of The TJX Companies, Inc. (NYSE:TJX)

F M Investments LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 959.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,745 shares of the apparel and home fashions retailer’s stock after purchasing an additional 20,598 shares during the period. F M Investments LLC’s holdings in TJX Companies were worth $2,504,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TJX. Vanguard Group Inc. boosted its stake in TJX Companies by 1.3% in the first quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after buying an additional 1,269,792 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of TJX Companies by 7.9% during the fourth quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock valued at $1,333,913,000 after purchasing an additional 1,046,148 shares during the period. Janus Henderson Group PLC boosted its stake in shares of TJX Companies by 2.7% during the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock valued at $1,341,392,000 after purchasing an additional 346,938 shares during the period. Norges Bank purchased a new stake in shares of TJX Companies during the fourth quarter valued at approximately $1,193,438,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of TJX stock traded down $0.10 during trading hours on Friday, reaching $117.27. 6,369,561 shares of the company traded hands, compared to its average volume of 5,430,519. The TJX Companies, Inc. has a 12-month low of $86.71 and a 12-month high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The company has a market cap of $132.53 billion, a P/E ratio of 29.10, a P/E/G ratio of 3.04 and a beta of 0.88. The firm has a 50-day moving average price of $112.79 and a 200 day moving average price of $104.02.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is 37.22%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Sanford C. Bernstein raised their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 price objective on shares of TJX Companies in a report on Wednesday, August 21st. BMO Capital Markets increased their price objective on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a report on Tuesday, May 21st. Finally, Wells Fargo & Company increased their price objective on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

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.