Envestnet Asset Management Inc. Has $471.72 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Envestnet Asset Management Inc. raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,904,605 shares of the apparel and home fashions retailer's stock after purchasing an additional 126,962 shares during the quarter. Envestnet Asset Management Inc. owned about 0.35% of TJX Companies worth $471,715,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in TJX Companies during the fourth quarter worth about $1,670,565,000. Raymond James Financial Inc. purchased a new stake in TJX Companies during the 4th quarter worth approximately $570,342,000. DJE Kapital AG acquired a new stake in TJX Companies during the 4th quarter worth approximately $140,068,000. Provident Trust Co. grew its stake in shares of TJX Companies by 71.3% in the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer's stock worth $328,984,000 after acquiring an additional 1,133,486 shares in the last quarter. Finally, Capital Wealth Planning LLC increased its position in shares of TJX Companies by 39.1% during the fourth quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer's stock worth $441,953,000 after acquiring an additional 1,027,456 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Trading Up 5.0 %

NYSE TJX traded up $6.03 on Wednesday, hitting $126.06. 12,132,603 shares of the company were exchanged, compared to its average volume of 5,333,736. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.99. The company's 50 day moving average price is $121.43 and its 200-day moving average price is $120.52. The firm has a market capitalization of $140.82 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

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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. The firm 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%. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business 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. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's payout ratio is currently 39.91%.

Analysts Set New Price Targets

TJX has been the topic of several analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. UBS Group raised their price target on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Morgan Stanley upped their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Wells Fargo & Company increased their price target on shares of 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, StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $135.76.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were 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 approximately $59,569,772.67. The trade was 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 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.