Broderick Brian C Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Broderick Brian C raised its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,629 shares of the apparel and home fashions retailer's stock after buying an additional 3,765 shares during the quarter. TJX Companies accounts for 2.6% of Broderick Brian C's investment portfolio, making the stock its 17th largest holding. Broderick Brian C's holdings in TJX Companies were worth $13,244,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TJX. Bogart Wealth LLC bought a new stake in TJX Companies in the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies in the fourth quarter valued at $26,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies during the third quarter valued at about $30,000. SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies during the fourth quarter worth about $30,000. Finally, Millstone Evans Group LLC bought a new stake in shares of TJX Companies during the fourth quarter worth about $30,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

NYSE TJX traded down $3.51 on Friday, hitting $121.92. 12,959,431 shares of the stock traded hands, compared to its average volume of 5,264,766. 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 business's fifty day moving average is $121.69 and its two-hundred day moving average is $120.38. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.33. The firm has a market capitalization of $136.20 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 2.75 and a beta of 0.86.

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TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share 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 company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This is a boost from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a yield of 1.39%. TJX Companies's payout ratio is presently 39.91%.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated 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 directly owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction that occurred 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. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TJX shares. StockNews.com downgraded TJX Companies from a "buy" rating to a "hold" rating in a research note on Friday. Barclays raised their target price on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and upped their price target for the stock from $128.00 to $140.00 in a report on Thursday. Wells Fargo & Company raised their price objective on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. Finally, UBS Group upped their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average 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.