Arete Wealth Advisors LLC Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Arete Wealth Advisors LLC increased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 46.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,348 shares of the apparel and home fashions retailer's stock after acquiring an additional 3,284 shares during the period. Arete Wealth Advisors LLC's holdings in TJX Companies were worth $1,249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TJX. Congress Asset Management Co. raised its stake in shares of TJX Companies by 1.1% in 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 purchasing an additional 13,036 shares during the last quarter. Atlas Legacy Advisors LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at about $433,000. BLB&B Advisors LLC grew its stake in shares of TJX Companies by 2.8% in 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 acquiring an additional 2,201 shares during the period. Empowered Funds LLC raised its holdings in shares of TJX Companies by 12.1% during the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock valued at $4,130,000 after purchasing an additional 3,691 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH bought a new position in TJX Companies during the fourth quarter valued at approximately $604,000. 91.09% of the stock is owned by institutional investors.

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TJX Companies Price Performance

NYSE TJX traded down $3.51 during trading hours on Friday, reaching $121.92. The company's stock had a trading volume of 12,959,431 shares, compared to its average volume of 5,267,162. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.33. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $137.06 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 2.75 and a beta of 0.96. The firm's 50-day moving average price is $121.69 and its 200-day moving average price is $120.37.

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 the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a $0.425 dividend. This is an increase from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, May 15th. TJX Companies's payout ratio is currently 35.21%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on TJX. Barclays lifted their target price on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. BMO Capital Markets lifted their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. UBS Group increased 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. Morgan Stanley boosted their price target on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $128.00 to $140.00 in a research note on Thursday. Two 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, TJX Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.76.

TJX Companies Company 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.