Price T Rowe Associates Inc. MD Has $1.25 Billion Stake in The TJX Companies, Inc. (NYSE:TJX)

Price T Rowe Associates Inc. MD raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 35.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,317,452 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,255,849 shares during the period. Price T Rowe Associates Inc. MD’s holdings in TJX Companies were worth $1,249,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Bank of Nova Scotia Trust Co. raised its holdings in shares of TJX Companies by 3.9% in the 1st quarter. Bank of Nova Scotia Trust Co. now owns 43,107 shares of the apparel and home fashions retailer’s stock worth $4,372,000 after acquiring an additional 1,616 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of TJX Companies by 14.6% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,067,202 shares of the apparel and home fashions retailer’s stock worth $108,236,000 after acquiring an additional 136,002 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of TJX Companies in the 1st quarter worth about $458,000. Gamco Investors INC. ET AL raised its holdings in shares of TJX Companies by 12.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,800 shares of the apparel and home fashions retailer’s stock worth $284,000 after acquiring an additional 300 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of TJX Companies by 22.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 818,212 shares of the apparel and home fashions retailer’s stock worth $82,983,000 after acquiring an additional 149,678 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

TJX traded up $0.56 on Friday, hitting $111.83. The company’s stock had a trading volume of 4,958,740 shares, compared to its average volume of 4,676,538. The company’s 50 day simple moving average is $108.70 and its 200-day simple moving average is $101.11. The firm has a market cap of $126.38 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88. The TJX Companies, Inc. has a 12 month low of $85.27 and a 12 month high of $115.35. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period last year, the firm earned $0.76 EPS. TJX Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, August 15th. TJX Companies’s payout ratio is 37.22%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TJX shares. Evercore ISI set a $113.00 target price on shares of TJX Companies in a report on Tuesday, May 21st. Loop Capital increased their price objective on shares of TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Robert W. Baird increased their price objective on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Telsey Advisory Group increased their price objective on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Finally, The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.67.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now owns 110,893 shares in the company, valued at approximately $11,089,300. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Louise Greenlees sold 8,171 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock valued at $5,060,941 in the last three months. Company insiders own 0.13% of the company’s stock.

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.