Chiron Investment Management LLC Purchases Shares of 24,620 The TJX Companies, Inc. (NYSE:TJX)

Chiron Investment Management LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,620 shares of the apparel and home fashions retailer's stock, valued at approximately $2,974,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Howard Capital Management Group LLC boosted its stake in shares of TJX Companies by 42.9% in the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer's stock valued at $27,208,000 after purchasing an additional 69,489 shares during the last quarter. Morse Asset Management Inc boosted its position in TJX Companies by 10.6% during the third quarter. Morse Asset Management Inc now owns 3,015 shares of the apparel and home fashions retailer's stock valued at $354,000 after acquiring an additional 290 shares during the last quarter. Wealthquest Corp acquired a new stake in TJX Companies during the 3rd quarter worth about $238,000. World Investment Advisors LLC raised its position in shares of TJX Companies by 691.6% in the 3rd quarter. World Investment Advisors LLC now owns 71,837 shares of the apparel and home fashions retailer's stock worth $8,444,000 after acquiring an additional 62,762 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of TJX Companies by 28.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 238,649 shares of the apparel and home fashions retailer's stock valued at $28,051,000 after purchasing an additional 53,264 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.6 %

Shares of TJX stock opened at $128.22 on Monday. The company has a market capitalization of $143.24 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 2.75 and a beta of 0.86. 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 company has a 50-day simple moving average of $121.55 and a two-hundred day simple moving average of $120.68. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $129.36.

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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, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal 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 paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.33%. TJX Companies's payout ratio is presently 39.91%.

Insider Activity

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

Analyst Ratings Changes

TJX has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Citigroup raised 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. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. StockNews.com cut shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Morgan Stanley lifted 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. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and a consensus price target of $135.76.

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.

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