Groupama Asset Managment Raises Stock Holdings in The TJX Companies, Inc. $TJX

Groupama Asset Managment boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.1% in the first quarter, Holdings Channel.com reports. The fund owned 473,635 shares of the apparel and home fashions retailer’s stock after acquiring an additional 51,248 shares during the quarter. Groupama Asset Managment’s holdings in TJX Companies were worth $55,988,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. TCTC Holdings LLC increased its holdings in TJX Companies by 210.1% during the 1st 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 period. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock worth $36,000 after buying an additional 110 shares during the period. Iron Horse Wealth Management LLC grew its position in shares of TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock worth $36,000 after buying an additional 149 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in shares of TJX Companies during the first quarter valued at $37,000. Finally, Rialto Wealth Management LLC raised its holdings in shares of 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 valued at $42,000 after acquiring an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other TJX Companies 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 transaction of $121,685.50. Following the completion of the sale, the director owned 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price 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. Daiwa Capital Markets began coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They issued an “outperform” rating and a $133.00 price target for the company. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $150.00 price objective on shares of TJX Companies in a report on Wednesday, August 13th. Finally, BMO Capital Markets restated an “outperform” 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. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $141.33.

TJX Companies Price Performance

Shares of TJX stock opened at $133.09 on Tuesday. The firm has a market capitalization of $148.67 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 3.09 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The stock’s 50-day simple moving average is $126.05 and its 200-day simple moving average is $125.16. The TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week high of $135.85.

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, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. TJX Companies’s revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal 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 paid a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.3%. TJX Companies’s dividend payout ratio (DPR) is 40.00%.

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.