Hengehold Capital Management LLC Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Hengehold Capital Management LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 5.5% in the first quarter, Holdings Channel.com reports. The firm owned 5,224 shares of the apparel and home fashions retailer’s stock after purchasing an additional 273 shares during the quarter. Hengehold Capital Management LLC’s holdings in TJX Companies were worth $636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of TJX Companies by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock valued at $11,998,201,000 after acquiring an additional 578,948 shares during the last quarter. Geode Capital Management LLC raised its position in TJX Companies by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock valued at $2,930,965,000 after purchasing an additional 464,995 shares during the last quarter. Capital International Investors grew its holdings in shares of TJX Companies by 4.5% during the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer’s stock worth $1,769,600,000 after acquiring an additional 626,739 shares during the period. Northern Trust Corp grew its holdings in shares of TJX Companies by 15.2% during the 4th 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 acquiring an additional 1,845,225 shares during the period. Finally, Norges Bank purchased a new position in shares of TJX Companies during the 4th quarter worth approximately $1,670,565,000. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction on 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 now owns 22,712 shares of the company’s stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

NYSE TJX opened at $123.75 on Friday. The firm has a market capitalization of $138.25 billion, a P/E ratio of 29.12, a P/E/G ratio of 2.75 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The firm’s fifty day simple moving average is $127.91 and its two-hundred day simple moving average is $124.19.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS 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 company had revenue of $13.11 billion during the quarter, compared to analysts’ expectations of $13.01 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. TJX Companies’s payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of research analyst reports. Barclays reiterated an “overweight” rating and set a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. JPMorgan Chase & Co. upped their price target on TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, June 2nd. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 21st. Finally, Robert W. Baird upped their price target on TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.53.

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.