APG Asset Management N.V. Raises Position in The TJX Companies, Inc. (NYSE:TJX)

APG Asset Management N.V. increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 252.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,259,360 shares of the apparel and home fashions retailer's stock after purchasing an additional 901,767 shares during the quarter. APG Asset Management N.V. owned about 0.11% of TJX Companies worth $146,927,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TJX. Congress Asset Management Co. boosted its holdings in TJX Companies by 1.1% during the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock worth $148,456,000 after buying an additional 13,036 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new position in TJX Companies in the 4th quarter valued at $433,000. BLB&B Advisors LLC grew its stake in TJX Companies by 2.8% during the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock worth $9,795,000 after buying an additional 2,201 shares in the last quarter. Empowered Funds LLC boosted its position in shares of TJX Companies by 12.1% during the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock worth $4,130,000 after acquiring an additional 3,691 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new position in TJX Companies during the fourth quarter valued at approximately $604,000. Institutional investors own 91.09% of the company's stock.

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Wall Street Analyst Weigh In

Several 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 Friday, April 4th. BMO Capital Markets upped their price objective on TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Morgan Stanley boosted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $135.76.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the business's 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 transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the 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 insiders.

TJX Companies Stock Up 0.6 %

TJX stock traded up $0.75 during trading on Friday, reaching $128.22. 6,934,458 shares of the stock were exchanged, compared to its average volume of 5,356,695. 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 TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $129.02. The firm's 50 day moving average is $121.55 and its 200 day moving average is $120.66. The firm has a market cap of $143.24 billion, a P/E ratio of 30.17, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, May 15th. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is currently 39.91%.

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.