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

Price T Rowe Associates Inc. MD lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 35.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,317,452 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,255,849 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 1.09% of TJX Companies worth $1,249,237,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TJX. Norges Bank acquired a new position in shares of TJX Companies in the 4th quarter worth approximately $1,193,438,000. Vanguard Group Inc. boosted its holdings in shares of TJX Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after acquiring an additional 1,269,792 shares in the last quarter. Canoe Financial LP lifted its holdings in TJX Companies by 22,145.7% during the 4th quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock worth $104,344,000 after buying an additional 1,107,287 shares in the last quarter. Schroder Investment Management Group lifted its holdings in TJX Companies by 52.3% during the 4th quarter. Schroder Investment Management Group now owns 3,164,369 shares of the apparel and home fashions retailer’s stock worth $296,849,000 after buying an additional 1,086,125 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in TJX Companies by 7.9% during the 4th quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock worth $1,333,913,000 after buying an additional 1,046,148 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the transaction, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the transaction, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,003 shares of company stock worth $5,060,941. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.5 %

Shares of TJX traded up $0.56 during trading hours on Friday, reaching $111.83. The stock had a trading volume of 4,958,740 shares, compared to its average volume of 4,676,538. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The TJX Companies, Inc. has a 52 week low of $85.27 and a 52 week high of $115.35. The firm has a 50-day moving average of $108.70 and a 200 day moving average of $101.11. The company has a market cap of $126.38 billion, a P/E ratio of 27.75, a P/E/G ratio of 2.99 and a beta of 0.88.

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, beating analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter in the prior year, the company earned $0.76 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Robert W. Baird upped their price objective on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Sanford C. Bernstein upped their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Evercore ISI set a $113.00 price objective on TJX Companies in a report on Tuesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.67.

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.