The TJX Companies, Inc. (NYSE:TJX) Position Increased by Peak Asset Management LLC

Peak Asset Management LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 19.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,256 shares of the apparel and home fashions retailer’s stock after buying an additional 360 shares during the quarter. Peak Asset Management LLC’s holdings in TJX Companies were worth $275,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TJX. GAMMA Investing LLC raised its position in 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 valued at $354,696,000 after acquiring an additional 2,892,151 shares in the last quarter. Capital Research Global Investors raised its position in 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 valued at $313,512,000 after acquiring an additional 2,266,415 shares in the last quarter. Northern Trust Corp raised 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 valued at $1,689,628,000 after acquiring an additional 1,845,225 shares in the last quarter. Royal Bank of Canada raised its position in TJX Companies by 12.9% during the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer’s stock valued at $1,486,074,000 after acquiring an additional 1,403,561 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in TJX Companies by 65.8% during the first quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer’s stock valued at $399,790,000 after acquiring an additional 1,302,845 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.0%

Shares of TJX stock opened at $126.29 on Friday. The stock has a market cap of $141.07 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The stock has a fifty day moving average price of $125.58 and a 200 day moving average price of $124.30. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (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 analysts’ expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the business earned $0.93 earnings per share. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. TJX Companies’s payout ratio is presently 40.00%.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, the director directly owned 22,712 shares of the company’s stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TJX. TD Securities raised their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Cowen reaffirmed a “buy” rating on shares of TJX Companies in a research report on Tuesday, May 20th. Robert W. Baird raised their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, Daiwa America upgraded TJX Companies to a “strong-buy” rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target 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.