The TJX Companies, Inc. (NYSE:TJX) Position Increased by Bessemer Group Inc.

Bessemer Group Inc. grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 113,198 shares of the apparel and home fashions retailer's stock after purchasing an additional 19,300 shares during the quarter. Bessemer Group Inc.'s holdings in TJX Companies were worth $13,675,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in TJX Companies during the fourth quarter valued at about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the fourth quarter valued at about $26,000. SOA Wealth Advisors LLC. acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $30,000. Millstone Evans Group LLC acquired a new position in TJX Companies during the 4th quarter worth approximately $30,000. Finally, Promus Capital LLC acquired a new stake in TJX Companies in the fourth quarter valued at approximately $32,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target 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. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. UBS Group upped their target price on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 10th. Finally, Robert W. Baird raised their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $135.76.

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Insider Buying and Selling at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the 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 completion of the transaction, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Performance

NYSE TJX traded down $1.07 on Tuesday, hitting $129.53. The stock had a trading volume of 1,452,560 shares, compared to its average volume of 5,425,829. The company's 50-day moving average is $121.65 and its two-hundred day moving average is $120.77. 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 stock has a market cap of $144.70 billion, a price-to-earnings ratio of 30.48, a P/E/G 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 $131.30.

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, beating analysts' consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.31%. 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 dividend payout ratio is 39.91%.

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.