Alexis Investment Partners LLC Takes Position in The TJX Companies, Inc. (NYSE:TJX)

Alexis Investment Partners LLC bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,684 shares of the apparel and home fashions retailer's stock, valued at approximately $1,172,000. TJX Companies accounts for 0.6% of Alexis Investment Partners LLC's portfolio, making the stock its 28th largest holding.

Several other large investors have also made changes to their positions in TJX. Bogart Wealth LLC purchased a new stake in TJX Companies during the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies during the fourth quarter valued at $26,000. SOA Wealth Advisors LLC. acquired a new stake in shares of TJX Companies in the fourth quarter worth $30,000. Millstone Evans Group LLC acquired a new stake in TJX Companies in the 4th quarter valued at $30,000. Finally, Promus Capital LLC bought a new stake in shares of TJX Companies during the fourth quarter worth approximately $32,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research reports. Wells Fargo & Company increased their price target on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. Barclays lifted their target price on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Robert W. Baird increased their target price on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, Morgan Stanley increased their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. 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, TJX Companies currently has an average rating of "Moderate Buy" and an average price target of $135.76.

TJX Companies Stock Performance

NYSE:TJX traded up $2.41 during mid-day trading on Tuesday, hitting $126.39. The company's stock had a trading volume of 1,099,232 shares, compared to its average volume of 5,365,066. The stock has a market cap of $141.19 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a 1 year low of $93.32 and a 1 year high of $131.30. The business's fifty day moving average is $121.83 and its two-hundred day moving average is $121.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. Analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This is a boost from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's payout ratio is currently 39.91%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

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.