The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by RFG Advisory LLC

RFG Advisory LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,848 shares of the apparel and home fashions retailer’s stock after acquiring an additional 641 shares during the period. RFG Advisory LLC’s holdings in TJX Companies were worth $712,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in TJX Companies by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock worth $11,998,201,000 after buying an additional 578,948 shares during the period. Geode Capital Management LLC increased its position in TJX Companies by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock worth $2,930,965,000 after buying an additional 464,995 shares during the period. Capital International Investors increased its position in TJX Companies by 4.5% during the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer’s stock worth $1,769,600,000 after buying an additional 626,739 shares during the period. Northern Trust Corp increased its position in TJX Companies by 15.2% during 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 during the period. Finally, Norges Bank acquired a new position in TJX Companies during the fourth quarter worth approximately $1,670,565,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 0.9%

Shares of TJX stock opened at $128.55 on Friday. The business’s fifty day moving average price is $127.63 and its 200 day moving average price is $124.11. The TJX Companies, Inc. has a 1-year low of $106.18 and a 1-year high of $135.85. The firm has a market capitalization of $143.60 billion, a PE ratio of 30.25, a P/E/G ratio of 2.75 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. TJX Companies’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, May 15th. TJX Companies’s payout ratio is presently 40.00%.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business’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 sale, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on TJX shares. Robert W. Baird lifted their price target on TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. boosted their target price on TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, June 2nd. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $141.53.

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.