Russell Investments Group Ltd. Has $278.83 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Russell Investments Group Ltd. raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 26.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,307,308 shares of the apparel and home fashions retailer's stock after acquiring an additional 478,048 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.21% of TJX Companies worth $278,826,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in TJX Companies by 1.7% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock valued at $603,000 after acquiring an additional 84 shares in the last quarter. Nwam LLC boosted its position in shares of TJX Companies by 2.0% in the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after purchasing an additional 84 shares during the period. One Charles Private Wealth Services LLC grew its stake in TJX Companies by 5.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock worth $218,000 after buying an additional 86 shares during the last quarter. Hamilton Capital LLC increased its position in TJX Companies by 3.9% during the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer's stock worth $273,000 after buying an additional 90 shares during the period. Finally, Breakwater Capital Group lifted its stake in TJX Companies by 1.2% in the fourth quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer's stock valued at $930,000 after buying an additional 91 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of research analysts have commented on TJX shares. BMO Capital Markets lifted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. StockNews.com downgraded TJX Companies from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Barclays upped their price target on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, Citigroup upgraded shares of 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 research report on Thursday, April 3rd. Two investment 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.76.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

TJX Companies Stock Up 2.0 %

Shares of TJX stock traded up $2.40 on Wednesday, reaching $122.43. 3,298,557 shares of the company's stock traded hands, compared to its average volume of 5,310,082. The business's 50 day moving average price is $121.40 and its two-hundred day moving average price is $120.42. The company has a market capitalization of $136.77 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.33.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping 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. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a $0.425 dividend. This is an increase from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend 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.