Farther Finance Advisors LLC Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

Farther Finance Advisors LLC increased its position in The TJX Companies, Inc. (NYSE:TJX) by 47.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 18,263 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,916 shares during the period. Farther Finance Advisors LLC’s holdings in TJX Companies were worth $2,241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TJX. Norges Bank purchased a new position in TJX Companies during the fourth quarter worth $1,670,565,000. Raymond James Financial Inc. bought a new stake in shares of TJX Companies in the fourth quarter valued at about $570,342,000. GAMMA Investing LLC raised 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 acquiring an additional 2,892,151 shares in the last quarter. Capital Research Global Investors raised 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 acquiring an additional 2,266,415 shares in the last quarter. Finally, Northern Trust Corp raised its holdings 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 purchasing an additional 1,845,225 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TJX. TD Securities upped their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Robert W. Baird upped their target price on TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. upped their price objective on TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, June 2nd. Barclays reaffirmed an “overweight” rating and set a $147.00 target price (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Finally, Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $141.53.

Insider Activity at TJX Companies

In other 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 now owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Down 0.2%

Shares of TJX opened at $126.07 on Wednesday. The company has a market capitalization of $140.83 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52-week low of $106.18 and a 52-week high of $135.85. The stock has a fifty day simple moving average of $127.67 and a two-hundred day simple moving average of $124.22.

TJX Companies (NYSE:TJX) last released its quarterly earnings results 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $13.11 billion during the quarter, compared to analysts’ expectations of $13.01 billion. During the same period in the prior year, the business posted $0.93 EPS. The company’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 EPS 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 issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.35%. TJX Companies’s dividend payout ratio (DPR) is 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.