GKV Capital Management Co. Inc. Invests $4.41 Million in The TJX Companies, Inc. (NYSE:TJX)

GKV Capital Management Co. Inc. acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 36,459 shares of the apparel and home fashions retailer's stock, valued at approximately $4,405,000. TJX Companies comprises about 1.8% of GKV Capital Management Co. Inc.'s holdings, making the stock its 15th biggest holding.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of TJX Companies by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after purchasing an additional 578,948 shares during the period. Geode Capital Management LLC grew its holdings in TJX Companies by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock worth $2,930,965,000 after acquiring an additional 464,995 shares during the last quarter. Norges Bank bought a new stake in TJX Companies in the 4th quarter worth $1,670,565,000. Invesco Ltd. increased its position in shares of TJX Companies by 4.3% in the fourth quarter. Invesco Ltd. now owns 8,753,021 shares of the apparel and home fashions retailer's stock valued at $1,057,452,000 after acquiring an additional 363,879 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of TJX Companies by 9.9% during the third quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer's stock valued at $837,951,000 after acquiring an additional 657,529 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

TJX has been the topic of several recent analyst reports. StockNews.com cut TJX Companies from a "buy" rating to a "hold" rating in a research note on Tuesday. 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 note on Thursday, April 3rd. Wells Fargo & Company raised their price target on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 10th. Barclays boosted their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, UBS Group raised their target price 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. Two equities research 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, TJX Companies currently has an average rating of "Moderate Buy" and an average price target of $135.76.

TJX Companies Stock Up 0.9 %

Shares of NYSE TJX traded up $1.20 during trading on Friday, reaching $127.51. The company had a trading volume of 5,554,218 shares, compared to its average volume of 5,386,001. The stock has a market cap 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 business's 50-day moving average is $121.84 and its 200 day moving average is $121.01. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month 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.

TJX Companies (NYSE:TJX - Get Free Report) last issued its 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. The business had revenue of $16.35 billion during the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.33%. TJX Companies's dividend payout ratio is 39.91%.

Insider Activity at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the firm'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 legal filing with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was 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 insiders.

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.