F M Investments LLC Purchases 11,422 Shares of The TJX Companies, Inc. (NYSE:TJX)

F M Investments LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 46.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,066 shares of the apparel and home fashions retailer's stock after purchasing an additional 11,422 shares during the period. F M Investments LLC's holdings in TJX Companies were worth $4,357,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in TJX Companies in the fourth quarter worth about $1,670,565,000. Raymond James Financial Inc. bought a new stake in TJX Companies during the 4th quarter worth approximately $570,342,000. DJE Kapital AG bought a new stake in TJX Companies during the 4th quarter worth approximately $140,068,000. Provident Trust Co. lifted its holdings in TJX Companies by 71.3% during the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer's stock valued at $328,984,000 after purchasing an additional 1,133,486 shares in the last quarter. Finally, Capital Wealth Planning LLC boosted its position in shares of TJX Companies by 39.1% in 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 purchasing an additional 1,027,456 shares during the period. 91.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on TJX shares. Barclays raised their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Wells Fargo & Company boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, January 10th. Robert W. Baird increased their target price on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. Finally, BMO Capital Markets increased their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $135.76.

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Insider Buying and Selling

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the business'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 sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This 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 Down 0.8 %

TJX stock traded down $1.07 during midday trading on Tuesday, reaching $129.53. 1,452,560 shares of the company traded hands, compared to its average volume of 5,425,829. The firm has a market capitalization of $144.70 billion, a price-to-earnings ratio of 30.48, a P/E/G ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $131.30. The business has a 50 day moving average of $121.65 and a 200-day moving average of $120.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX - Get Free Report) last released 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 company 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%. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share 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. Investors of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.31%. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's dividend payout ratio is presently 39.91%.

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.