AGP Franklin LLC Takes $2.74 Million Position in The TJX Companies, Inc. (NYSE:TJX)

AGP Franklin LLC purchased a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 22,710 shares of the apparel and home fashions retailer's stock, valued at approximately $2,744,000. TJX Companies comprises approximately 1.7% of AGP Franklin LLC's investment portfolio, making the stock its 19th largest position.

A number of other institutional investors have also made changes to their positions in TJX. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in TJX Companies by 1.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock valued at $603,000 after buying an additional 84 shares during the period. Nwam LLC grew its stake in TJX Companies by 2.0% in the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after buying an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC raised its holdings in TJX Companies by 5.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after acquiring an additional 86 shares during the period. Breakwater Capital Group boosted its holdings in shares of TJX Companies by 1.2% in the fourth quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer's stock worth $930,000 after acquiring an additional 91 shares during the period. Finally, Capital Investment Advisory Services LLC grew its position in shares of TJX Companies by 1.0% in the fourth quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer's stock valued at $1,060,000 after purchasing an additional 91 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TJX shares. StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Tuesday. Robert W. Baird boosted their price objective on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Wells Fargo & Company upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 10th. UBS Group boosted their price target on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Barclays lifted their price objective on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $135.76.

TJX Companies Price Performance

TJX traded up $1.20 during trading hours on Friday, hitting $127.51. The company's stock had a trading volume of 5,554,218 shares, compared to its average volume of 5,377,654. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $131.30. 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 business's 50-day moving average price is $121.78 and its 200-day moving average price is $120.93. The stock has a market cap of $142.44 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This is a boost from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a yield of 1.33%. TJX Companies's payout ratio is 39.91%.

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.