Dimensional Fund Advisors LP Increases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Dimensional Fund Advisors LP lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 0.0% in the first quarter, Holdings Channel reports. The firm owned 6,563,127 shares of the apparel and home fashions retailer’s stock after buying an additional 3,006 shares during the period. Dimensional Fund Advisors LP’s holdings in TJX Companies were worth $799,247,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TJX. Nuveen LLC purchased a new stake in shares of TJX Companies in the first quarter valued at approximately $1,330,717,000. GAMMA Investing LLC boosted its holdings in shares of TJX Companies by 14,486.1% in 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 purchasing an additional 2,892,151 shares during the period. Capital Research Global Investors boosted its holdings in shares of TJX Companies by 689.6% in 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 purchasing an additional 2,266,415 shares during the period. Northern Trust Corp raised its stake in TJX Companies by 15.2% in 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 in the last quarter. Finally, Royal Bank of Canada raised its stake in TJX Companies by 12.9% in the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer’s stock worth $1,486,074,000 after buying an additional 1,403,561 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE TJX opened at $132.99 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The stock’s fifty day moving average price is $125.83 and its 200 day moving average price is $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 market cap of $148.56 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 3.13 and a beta of 0.89.

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 (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the prior year, the firm earned $0.93 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, equities 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 announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s dividend payout ratio is presently 40.00%.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company’s stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

TJX has been the subject of a number of recent research reports. BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, June 2nd. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Cowen reaffirmed a “buy” rating on shares of TJX Companies in a research report on Tuesday, May 20th. One analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $141.33.

TJX Companies Company 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.