FIL Ltd Purchases 16,492 Shares of The TJX Companies, Inc. (NYSE:TJX)

FIL Ltd grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 147,680 shares of the apparel and home fashions retailer's stock after purchasing an additional 16,492 shares during the quarter. FIL Ltd's holdings in TJX Companies were worth $17,841,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. BMO Capital Markets raised their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. 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 upgraded TJX Companies from a "neutral" rating to a "buy" rating and lifted their price target for the company from $128.00 to $140.00 in a research report on Thursday, April 3rd. Barclays increased their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, StockNews.com lowered shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Tuesday. Two investment 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $135.76.

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Insider Buying and Selling at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the company's 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 Securities & Exchange Commission, which is available through the SEC website. Also, 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 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. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

TJX stock traded down $0.36 on Wednesday, hitting $128.14. The company had a trading volume of 1,168,301 shares, compared to its average volume of 5,417,534. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $131.30. The stock has a market cap of $143.14 billion, a price-to-earnings ratio of 30.15, a P/E/G ratio of 2.75 and a beta of 0.86. The stock's 50-day simple moving average is $121.70 and its 200 day simple moving average is $120.82.

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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.33%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's payout ratio is 39.91%.

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.