Triasima Portfolio Management inc. Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Triasima Portfolio Management inc. boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,701 shares of the apparel and home fashions retailer’s stock after acquiring an additional 560 shares during the period. TJX Companies accounts for 1.1% of Triasima Portfolio Management inc.’s holdings, making the stock its 25th biggest position. Triasima Portfolio Management inc.’s holdings in TJX Companies were worth $5,810,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TJX. Brighton Jones LLC raised its position in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after acquiring an additional 8,002 shares during the period. Revolve Wealth Partners LLC grew its stake in TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after acquiring an additional 235 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in TJX Companies by 62.3% in the 4th quarter. Proficio Capital Partners LLC now owns 4,473 shares of the apparel and home fashions retailer’s stock valued at $540,000 after purchasing an additional 1,717 shares during the last quarter. Cibc World Markets Corp boosted its holdings in TJX Companies by 16.0% in the 4th quarter. Cibc World Markets Corp now owns 177,951 shares of the apparel and home fashions retailer’s stock valued at $21,498,000 after purchasing an additional 24,561 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of TJX Companies by 1.7% in the 4th quarter. Signaturefd LLC now owns 25,431 shares of the apparel and home fashions retailer’s stock worth $3,072,000 after acquiring an additional 431 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on TJX. Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, May 21st. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. UBS Group reissued a “buy” rating and set a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. 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 note on Tuesday, May 20th. Finally, BMO Capital Markets restated an “outperform” rating on shares of TJX Companies in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $141.06.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 1.5%

NYSE TJX opened at $121.75 on Wednesday. The company’s fifty day simple moving average is $126.58 and its 200-day simple moving average is $124.10. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The stock has a market cap of $136.01 billion, a P/E ratio of 28.65, a PEG ratio of 2.88 and a beta of 0.88.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.40%. The ex-dividend date is Thursday, August 14th. TJX Companies’s payout ratio is currently 40.00%.

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.