Aquatic Capital Management LLC Has $8.58 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Aquatic Capital Management LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 53.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,031 shares of the apparel and home fashions retailer's stock after buying an additional 24,631 shares during the quarter. Aquatic Capital Management LLC's holdings in TJX Companies were worth $8,581,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Bolthouse Investments LLC acquired a new stake in TJX Companies during the 4th quarter worth about $287,000. Susquehanna Fundamental Investments LLC acquired a new stake in TJX Companies during the fourth quarter worth approximately $32,244,000. Coldstream Capital Management Inc. increased its holdings in TJX Companies by 4.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 64,147 shares of the apparel and home fashions retailer's stock worth $7,750,000 after purchasing an additional 2,958 shares in the last quarter. Voya Financial Advisors Inc. lifted its stake in TJX Companies by 2.4% in the fourth quarter. Voya Financial Advisors Inc. now owns 4,974 shares of the apparel and home fashions retailer's stock valued at $602,000 after buying an additional 118 shares during the period. Finally, Rothschild Capital Partners LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $243,000. Institutional investors own 91.09% of the company's stock.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction 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 sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction 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. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TJX shares. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Wednesday. BMO Capital Markets upped their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Wells Fargo & Company raised their target price 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. Morgan Stanley upped their price target on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $137.38.

TJX Companies Stock Up 0.1 %

TJX Companies stock opened at $126.64 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a market cap of $141.47 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $131.30. The firm's 50-day simple moving average is $121.95 and its 200 day simple moving average is $121.45.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly 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 business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. Research analysts predict 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. Investors of record on Thursday, May 15th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.34%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is presently 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.

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