Rossby Financial LCC Invests $765,000 in The TJX Companies, Inc. (NYSE:TJX)

Rossby Financial LCC bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,330 shares of the apparel and home fashions retailer's stock, valued at approximately $765,000.

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

Insider Buying and Selling at TJX Companies

In other TJX Companies news, 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 value of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $128.22 on Monday. 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 firm has a fifty day simple moving average of $121.55 and a two-hundred day simple moving average of $120.68. The firm has a market capitalization of $143.24 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $129.36.

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TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results 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. 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 during the quarter, compared to the consensus estimate of $16.24 billion. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.33%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio (DPR) is 39.91%.

Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. BMO Capital Markets increased their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Citigroup upgraded shares of 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 report on Thursday, April 3rd. Barclays upped their target price on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Finally, StockNews.com cut shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $135.76.

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.

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