The TJX Companies, Inc. (NYSE:TJX) Position Raised by Groupama Asset Managment

Groupama Asset Managment raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 38.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 422,387 shares of the apparel and home fashions retailer's stock after purchasing an additional 116,298 shares during the quarter. Groupama Asset Managment's holdings in TJX Companies were worth $51,147,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Howard Capital Management Group LLC boosted 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 worth $27,208,000 after buying an additional 69,489 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of TJX Companies during the 3rd quarter worth about $922,000. Edgestream Partners L.P. purchased a new stake in TJX Companies in the third quarter valued at approximately $2,047,000. Tradition Wealth Management LLC lifted its stake in TJX Companies by 2.6% during the 3rd quarter. Tradition Wealth Management LLC now owns 3,755 shares of the apparel and home fashions retailer's stock worth $441,000 after acquiring an additional 95 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in TJX Companies during the 3rd quarter worth approximately $9,742,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.3 %

NYSE:TJX traded up $0.39 on Thursday, hitting $125.32. 11,373,078 shares of the stock were exchanged, compared to its average volume of 5,237,249. 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 fifty-two week low of $92.35 and a fifty-two week high of $128.00. The stock has a market cap of $140.88 billion, a PE ratio of 29.49, a PEG ratio of 2.75 and a beta of 0.96. The stock has a fifty day moving average of $121.65 and a 200-day moving average of $120.31.

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TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion for 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%. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.36%. 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 dividend payout ratio (DPR) is 35.21%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TJX. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $128.00 to $140.00 in a research report on Thursday. Jefferies Financial Group increased their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, Morgan Stanley lifted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $135.76.

Insiders Place Their Bets

In other news, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 484,189 shares of the company's stock, 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. 0.13% of the stock is owned by company insiders.

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.