Phoenix Financial Ltd. Grows Holdings in The TJX Companies, Inc. (NYSE:TJX)

Phoenix Financial Ltd. raised its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,384 shares of the apparel and home fashions retailer's stock after buying an additional 12,271 shares during the quarter. Phoenix Financial Ltd.'s holdings in TJX Companies were worth $14,181,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TJX. Bogart Wealth LLC bought a new stake in TJX Companies during the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $26,000. SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies during the fourth quarter worth approximately $30,000. Millstone Evans Group LLC bought a new stake in shares of TJX Companies during the fourth quarter worth approximately $30,000. Finally, Promus Capital LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on TJX. Robert W. Baird lifted their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. UBS Group lifted their target price on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Barclays boosted their target price on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, January 10th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $135.76.

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Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the business'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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This 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 Trading Up 1.3 %

Shares of TJX traded up $1.68 during trading hours on Monday, hitting $129.83. 1,771,149 shares of the stock were exchanged, compared to its average volume of 5,349,135. The business has a 50-day moving average of $121.55 and a 200-day moving average of $120.68. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $130.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm has a market capitalization of $145.03 billion, a P/E ratio of 30.55, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last released its 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Thursday, May 15th. TJX Companies's payout ratio is currently 39.91%.

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.