Natixis Purchases 40,359 Shares of The TJX Companies, Inc. (NYSE:TJX)

Natixis increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3,249.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 41,601 shares of the apparel and home fashions retailer's stock after purchasing an additional 40,359 shares during the period. Natixis' holdings in TJX Companies were worth $5,026,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in TJX Companies during the fourth quarter worth $1,670,565,000. Raymond James Financial Inc. acquired a new stake in shares of TJX Companies during the 4th quarter valued at about $570,342,000. Capital Research Global Investors increased its stake in TJX Companies by 689.6% in the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock valued at $313,512,000 after acquiring an additional 2,266,415 shares during the period. DJE Kapital AG acquired a new position in TJX Companies in the fourth quarter worth about $140,068,000. Finally, Provident Trust Co. lifted its stake in TJX Companies by 71.3% during the fourth 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. Institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 0.1 %

TJX stock traded down $0.18 during midday trading on Wednesday, reaching $125.53. The company's stock had a trading volume of 5,523,540 shares, compared to its average volume of 5,385,656. The business's 50-day simple moving average is $121.83 and its 200-day simple moving average is $121.18. 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 TJX Companies, Inc. has a 52 week low of $93.39 and a 52 week high of $131.30. The stock has a market cap of $140.23 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 61.82% and a net margin of 8.63%. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a $0.425 dividend. 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. This represents a $1.70 annualized dividend and a yield of 1.35%. TJX Companies's dividend payout ratio (DPR) is 39.91%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. BMO Capital Markets raised their target price on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. Morgan Stanley upped their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Barclays lifted their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 10th. One investment analyst has rated the stock with a hold rating and seventeen have assigned 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.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

About TJX Companies

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.