Foster Dykema Cabot & Partners LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 218.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,666 shares of the apparel and home fashions retailer's stock after purchasing an additional 4,570 shares during the period. Foster Dykema Cabot & Partners LLC's holdings in TJX Companies were worth $805,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Howard Capital Management Group LLC increased its holdings in TJX Companies by 42.9% in the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer's stock valued at $27,208,000 after acquiring an additional 69,489 shares during the last quarter. Morse Asset Management Inc boosted its stake in TJX Companies by 10.6% during the third quarter. Morse Asset Management Inc now owns 3,015 shares of the apparel and home fashions retailer's stock valued at $354,000 after buying an additional 290 shares during the last quarter. Wealthquest Corp purchased a new position in TJX Companies during the 3rd quarter valued at approximately $238,000. World Investment Advisors LLC increased its stake in TJX Companies by 691.6% in the 3rd quarter. World Investment Advisors LLC now owns 71,837 shares of the apparel and home fashions retailer's stock worth $8,444,000 after acquiring an additional 62,762 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of TJX Companies by 28.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 238,649 shares of the apparel and home fashions retailer's stock valued at $28,051,000 after acquiring an additional 53,264 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.
Insider Buying and Selling at TJX Companies
In related news, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.
TJX Companies Price Performance
Shares of NYSE TJX traded up $1.20 during trading on Friday, hitting $127.51. The company had a trading volume of 5,554,218 shares, compared to its average volume of 5,386,001. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $131.30. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $121.84 and a two-hundred day simple moving average of $121.01. The firm has a market capitalization of $142.44 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.
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 (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during 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%. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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 paid a $0.425 dividend. The ex-dividend date is Thursday, May 15th. 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. TJX Companies's payout ratio is currently 39.91%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Barclays upped their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Wells Fargo & Company lifted their price target on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. UBS Group raised their price objective on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and boosted their target price for the company from $128.00 to $140.00 in a research report on Thursday, April 3rd. Finally, Morgan Stanley lifted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. 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 an average price target of $135.76.
Read Our Latest Stock Report on TJX
About TJX Companies
(
Free Report)
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.
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