Farringdon Capital Ltd. Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Farringdon Capital Ltd. purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,065 shares of the apparel and home fashions retailer's stock, valued at approximately $974,000.

Other institutional investors have also recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in shares of TJX Companies by 1.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock worth $603,000 after acquiring an additional 84 shares during the period. Nwam LLC increased its position in TJX Companies by 2.0% during the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock worth $524,000 after buying an additional 84 shares during the period. One Charles Private Wealth Services LLC lifted its holdings in shares of TJX Companies by 5.0% during the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock worth $218,000 after buying an additional 86 shares in the last quarter. Breakwater Capital Group grew its stake in shares of TJX Companies by 1.2% in the fourth quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer's stock valued at $930,000 after acquiring an additional 91 shares in the last quarter. Finally, Capital Investment Advisory Services LLC increased its position in TJX Companies by 1.0% during the fourth quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer's stock worth $1,060,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

TJX stock traded up $1.20 during midday trading on Friday, reaching $127.51. 5,554,218 shares of the stock were exchanged, compared to its average volume of 5,386,001. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a market capitalization of $142.44 billion, a PE ratio of 30.00, 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 company has a fifty day moving average price of $121.84 and a 200 day moving average price of $121.01.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating 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, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.33%. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio is presently 39.91%.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of analyst reports. BMO Capital Markets increased their target price on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Robert W. Baird lifted their price objective 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 increased their target price on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. UBS Group upped their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $135.76.

Insiders Place Their Bets

In other news, Director Alan M. Bennett sold 8,000 shares of the business'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 value of $988,240.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $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. Company 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.