Allianz SE Acquires New Holdings in The TJX Companies, Inc. (NYSE:TJX)

Allianz SE bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,760 shares of the apparel and home fashions retailer's stock, valued at approximately $334,000.

A number of other large investors have also recently bought and sold shares of TJX. Cambridge Financial Group Inc. purchased a new position in shares of TJX Companies in the 4th quarter worth about $8,969,000. Intrust Bank NA raised its holdings in TJX Companies by 1.0% in the fourth quarter. Intrust Bank NA now owns 24,804 shares of the apparel and home fashions retailer's stock valued at $2,997,000 after buying an additional 237 shares during the period. Maridea Wealth Management LLC acquired a new position in TJX Companies during the fourth quarter valued at approximately $333,000. Brown Brothers Harriman & Co. grew its stake in TJX Companies by 7.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 21,644 shares of the apparel and home fashions retailer's stock worth $2,615,000 after buying an additional 1,534 shares during the period. Finally, DnB Asset Management AS increased its position in shares of TJX Companies by 15.8% in the fourth quarter. DnB Asset Management AS now owns 237,176 shares of the apparel and home fashions retailer's stock worth $28,653,000 after acquiring an additional 32,395 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TJX. Robert W. Baird lifted their target price on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. BMO Capital Markets boosted their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. UBS Group raised their target price on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. Finally, Guggenheim boosted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, TJX Companies currently has an average rating of "Moderate Buy" and an average price target of $135.06.

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TJX Companies Stock Up 0.7 %

Shares of TJX stock traded up $0.88 during trading hours on Tuesday, hitting $122.68. 4,781,897 shares of the company were exchanged, compared to its average volume of 5,204,289. The stock has a market capitalization of $137.92 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The business's 50-day simple moving average is $121.61 and its two-hundred day simple moving average is $120.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.39%. TJX Companies's payout ratio is presently 35.21%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 directly owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was 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 corporate insiders.

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.