The TJX Companies, Inc. (NYSE:TJX) Position Boosted by Bank of Nova Scotia

Bank of Nova Scotia raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 334,766 shares of the apparel and home fashions retailer's stock after acquiring an additional 2,651 shares during the period. Bank of Nova Scotia's holdings in TJX Companies were worth $40,443,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FIL Ltd lifted its stake in shares of TJX Companies by 12.6% in the 4th quarter. FIL Ltd now owns 147,680 shares of the apparel and home fashions retailer's stock worth $17,841,000 after acquiring an additional 16,492 shares during the period. Shelton Capital Management raised its holdings in TJX Companies by 57.2% during the fourth quarter. Shelton Capital Management now owns 137,899 shares of the apparel and home fashions retailer's stock worth $16,660,000 after purchasing an additional 50,182 shares in the last quarter. Invesco Ltd. lifted its position in TJX Companies by 4.3% in the fourth quarter. Invesco Ltd. now owns 8,753,021 shares of the apparel and home fashions retailer's stock valued at $1,057,452,000 after purchasing an additional 363,879 shares during the period. Bank of Montreal Can boosted its holdings in TJX Companies by 2.0% in the 4th quarter. Bank of Montreal Can now owns 3,530,940 shares of the apparel and home fashions retailer's stock valued at $426,573,000 after purchasing an additional 70,529 shares in the last quarter. Finally, Trek Financial LLC increased its position in TJX Companies by 6.9% during the 4th quarter. Trek Financial LLC now owns 3,151 shares of the apparel and home fashions retailer's stock worth $381,000 after purchasing an additional 204 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

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TJX Companies Trading Up 0.6 %

Shares of TJX traded up $0.75 on Friday, hitting $128.22. 6,934,458 shares of the stock traded hands, compared to its average volume of 5,362,316. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $129.02. The stock's 50 day moving average is $121.55 and its two-hundred day moving average is $120.68. The firm has a market capitalization of $143.24 billion, a P/E ratio of 30.17, a P/E/G ratio of 2.75 and a beta of 0.86. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $16.24 billion. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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. 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 1.33%. TJX Companies's dividend payout ratio is 39.91%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $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 accessible through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was 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. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TJX shares. Robert W. Baird raised their price target on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Barclays upped their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. BMO Capital Markets raised their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. 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 report on Friday, January 10th. Finally, Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating and increased their target price for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $135.76.

About TJX Companies

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.