Aberdeen Group plc Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

Aberdeen Group plc boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 16.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,105,068 shares of the apparel and home fashions retailer’s stock after buying an additional 304,291 shares during the quarter. Aberdeen Group plc’s holdings in TJX Companies were worth $252,671,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. TCTC Holdings LLC grew its holdings in TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after purchasing an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its holdings in TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC grew its holdings in TJX Companies by 99.3% in the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 149 shares during the last quarter. Inlight Wealth Management LLC purchased a new position in TJX Companies in the first quarter worth $37,000. Finally, Rialto Wealth Management LLC grew its holdings in TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock worth $42,000 after purchasing an additional 179 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In related 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 transaction of $121,685.50. Following the completion of the transaction, the director owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.8%

NYSE TJX opened at $132.99 on Friday. The company has a market capitalization of $148.56 billion, a PE ratio of 31.29, a P/E/G ratio of 3.13 and a beta of 0.89. The company has a fifty day moving average of $125.83 and a 200 day moving average of $125.05. The TJX Companies, Inc. has a 1 year low of $110.24 and a 1 year high of $135.85. 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 for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.3%. TJX Companies’s dividend payout ratio is 40.00%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. Barclays reissued an “overweight” rating and set a $147.00 price objective (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Cowen reissued a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Thursday, May 22nd. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $141.33.

About TJX Companies

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.