The TJX Companies, Inc. (NYSE:TJX) Shares Bought by GeoWealth Management LLC

GeoWealth Management LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,569 shares of the apparel and home fashions retailer's stock after buying an additional 3,890 shares during the quarter. GeoWealth Management LLC's holdings in TJX Companies were worth $4,055,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Congress Asset Management Co. boosted its position in shares of TJX Companies by 1.1% during the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock worth $148,456,000 after buying an additional 13,036 shares during the period. Atlas Legacy Advisors LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth about $433,000. BLB&B Advisors LLC grew its holdings in shares of TJX Companies by 2.8% in the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock valued at $9,795,000 after purchasing an additional 2,201 shares in the last quarter. Empowered Funds LLC increased its stake in TJX Companies by 12.1% during the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock worth $4,130,000 after buying an additional 3,691 shares during the period. Finally, Boyd Watterson Asset Management LLC OH purchased a new position in TJX Companies in the 4th quarter valued at approximately $604,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the firm'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 sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of NYSE:TJX traded up $2.59 during trading on Tuesday, hitting $126.57. 1,308,374 shares of the stock were exchanged, compared to its average volume of 5,417,678. The TJX Companies, Inc. has a 12-month low of $93.39 and a 12-month high of $131.30. The company has a market cap of $141.39 billion, a PE ratio of 29.78, a P/E/G ratio of 2.75 and a beta of 0.86. The company has a fifty day moving average price of $121.83 and a two-hundred day moving average price of $121.14. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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 (EPS) for the quarter, topping 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 business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders 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 dividend yield of 1.34%. This is a boost 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TJX shares. Robert W. Baird upped their price target on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. StockNews.com cut shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. BMO Capital Markets lifted their price objective 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. Morgan Stanley raised their price target on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.76.

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.