Gateway Investment Advisers LLC Buys 311 Shares of The TJX Companies, Inc. (NYSE:TJX)

Gateway Investment Advisers LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,260 shares of the apparel and home fashions retailer’s stock after purchasing an additional 311 shares during the period. Gateway Investment Advisers LLC’s holdings in TJX Companies were worth $2,224,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Bogart Wealth LLC bought a new position in TJX Companies in the fourth quarter valued at about $25,000. SOA Wealth Advisors LLC. bought a new position in TJX Companies in the fourth quarter valued at about $30,000. Millstone Evans Group LLC bought a new position in TJX Companies in the fourth quarter valued at about $30,000. Promus Capital LLC bought a new position in TJX Companies in the fourth quarter valued at about $32,000. Finally, Tacita Capital Inc bought a new position in TJX Companies in the fourth quarter valued at about $38,000. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director now directly owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

TJX Companies Stock Performance

NYSE:TJX opened at $128.55 on Monday. The stock’s 50-day moving average is $127.63 and its 200-day moving average is $124.17. 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 stock has a market cap of $143.60 billion, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 1-year low of $106.18 and a 1-year high of $135.85.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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. The company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 earnings per share. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 15th were paid a $0.425 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, May 15th. TJX Companies’s payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. BMO Capital Markets reiterated an “outperform” rating on shares of TJX Companies in a research report on Wednesday, May 21st. JPMorgan Chase & Co. lifted their target price on TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, June 2nd. Morgan Stanley set a $140.00 target price on TJX Companies and gave the company an “overweight” rating in a research report on Thursday, May 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Robert W. Baird lifted 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. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies presently has an average 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.