The TJX Companies, Inc. (NYSE:TJX) Stock Position Raised by Federated Hermes Inc.

Federated Hermes Inc. raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 17.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,282,824 shares of the apparel and home fashions retailer's stock after purchasing an additional 190,817 shares during the period. Federated Hermes Inc. owned about 0.11% of TJX Companies worth $154,978,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TJX. Bogart Wealth LLC purchased a new position in TJX Companies during the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies during the 4th quarter worth approximately $26,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth approximately $30,000. SOA Wealth Advisors LLC. purchased a new stake in TJX Companies in the 4th quarter valued at approximately $30,000. Finally, Millstone Evans Group LLC acquired a new stake in TJX Companies during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Activity at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on TJX. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. BMO Capital Markets raised their price target on shares of 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 upped their price objective for the company from $128.00 to $140.00 in a research note on Thursday, April 3rd. Robert W. Baird lifted their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, StockNews.com lowered TJX Companies from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, TJX Companies currently has an average rating of "Moderate Buy" and a consensus target price of $135.76.

TJX Companies Stock Up 0.6 %

Shares of TJX stock traded up $0.74 on Thursday, hitting $126.79. The stock had a trading volume of 3,449,004 shares, compared to its average volume of 5,327,131. The stock's 50 day moving average is $121.43 and its 200-day moving average is $120.52. The firm has a market capitalization of $141.64 billion, a price-to-earnings ratio of 29.85, 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 $128.99. 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 announced its 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 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, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.34%. 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. TJX Companies's payout ratio is 39.91%.

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.