Aware Super Pty Ltd as trustee of Aware Super bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 38,687 shares of the apparel and home fashions retailer's stock, valued at approximately $4,674,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Canada Post Corp Registered Pension Plan acquired a new position in TJX Companies during the fourth quarter worth $12,047,000. Defined Financial Planning LLC acquired a new position in shares of TJX Companies during the 4th quarter worth $204,000. XTX Topco Ltd acquired a new position in shares of TJX Companies during the 4th quarter worth $1,929,000. Belpointe Asset Management LLC increased its holdings in shares of TJX Companies by 34.3% in the 4th quarter. Belpointe Asset Management LLC now owns 8,280 shares of the apparel and home fashions retailer's stock valued at $971,000 after purchasing an additional 2,114 shares in the last quarter. Finally, Mariner LLC lifted its stake in shares of TJX Companies by 1.7% in the fourth quarter. Mariner LLC now owns 1,318,519 shares of the apparel and home fashions retailer's stock valued at $159,294,000 after purchasing an additional 22,189 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TJX has been the subject of a number of research analyst reports. StockNews.com cut shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Tuesday. Barclays raised their price objective on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Robert W. Baird boosted their target price on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Morgan Stanley raised their price target on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Finally, UBS Group boosted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.76.
Read Our Latest Research Report on TJX Companies
TJX Companies Stock Up 1.9 %
TJX stock opened at $130.63 on Tuesday. The company has a 50 day moving average price of $121.65 and a two-hundred day moving average price of $120.77. 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 capitalization of $145.93 billion, a P/E ratio of 30.74, a PEG ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $131.37.
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 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $16.24 billion. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.
TJX Companies Increases Dividend
The business 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 yield of 1.30%. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's payout ratio is presently 39.91%.
Insider Buying and Selling
In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated 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 directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction dated 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 currently owned by company insiders.
About TJX Companies
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider TJX Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TJX Companies wasn't on the list.
While TJX Companies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
