Edmond DE Rothschild Holding S.A. Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Edmond DE Rothschild Holding S.A. raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10,211.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 206,750 shares of the apparel and home fashions retailer's stock after buying an additional 204,745 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in TJX Companies were worth $24,977,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Bogart Wealth LLC purchased a new position in TJX Companies during the fourth quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies during the 4th quarter valued at about $26,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies during the 3rd quarter valued at about $30,000. SOA Wealth Advisors LLC. acquired a new stake in TJX Companies in the 4th quarter valued at about $30,000. Finally, Millstone Evans Group LLC purchased a new position in TJX Companies in the 4th quarter worth approximately $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

NYSE:TJX traded up $1.83 during trading hours on Thursday, hitting $126.76. The company's stock had a trading volume of 5,639,937 shares, compared to its average volume of 5,215,268. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. 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 50-day moving average is $121.65 and its two-hundred day moving average is $120.31. The company has a market capitalization of $142.50 billion, a PE ratio of 29.83, a PEG ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, 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 declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid 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 is Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.34%. TJX Companies's payout ratio is 35.21%.

Analyst Ratings Changes

Several equities research analysts recently commented on TJX shares. Robert W. Baird increased 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. Morgan Stanley raised their target price on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. BMO Capital Markets boosted their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Jefferies Financial Group raised their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and an average target price of $135.76.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was 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 in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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.