Bolthouse Investments LLC Invests $287,000 in The TJX Companies, Inc. (NYSE:TJX)

Bolthouse Investments LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,378 shares of the apparel and home fashions retailer's stock, valued at approximately $287,000.

A number of other institutional investors have also recently added to or reduced their stakes in TJX. Susquehanna Fundamental Investments LLC acquired a new stake in TJX Companies during the 4th quarter worth $32,244,000. Coldstream Capital Management Inc. boosted its stake in TJX Companies by 4.8% during the 4th 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 during the last quarter. Voya Financial Advisors Inc. boosted its stake in TJX Companies by 2.4% during the 4th quarter. Voya Financial Advisors Inc. now owns 4,974 shares of the apparel and home fashions retailer's stock worth $602,000 after purchasing an additional 118 shares during the last quarter. Rothschild Capital Partners LLC acquired a new stake in TJX Companies during the 4th quarter worth $243,000. Finally, Hancock Whitney Corp boosted its stake in TJX Companies by 1.1% during the 4th quarter. Hancock Whitney Corp now owns 132,978 shares of the apparel and home fashions retailer's stock worth $16,065,000 after purchasing an additional 1,414 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports 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 note on Thursday, February 27th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Finally, Morgan Stanley increased their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $137.38.

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 on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Trading Up 0.4 %

Shares of NYSE:TJX traded up $0.55 during mid-day trading on Monday, reaching $127.11. 3,573,208 shares of the company were exchanged, compared to its average volume of 5,366,230. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm has a market cap of $141.99 billion, a price-to-earnings ratio of 29.91, a P/E/G ratio of 2.75 and a beta of 0.86. The firm's 50-day simple moving average is $122.02 and its 200 day simple moving average is $121.60. The TJX Companies, Inc. has a 1 year low of $93.39 and a 1 year high of $131.30.

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 for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion during the quarter, compared to analysts' expectations of $16.24 billion. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently declared 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 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio (DPR) is currently 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.