Savoir Faire Capital Management L.P. Has $8.46 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Savoir Faire Capital Management L.P. raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 131.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,061 shares of the apparel and home fashions retailer's stock after purchasing an additional 39,777 shares during the period. TJX Companies makes up about 4.0% of Savoir Faire Capital Management L.P.'s investment portfolio, making the stock its 8th largest holding. Savoir Faire Capital Management L.P.'s holdings in TJX Companies were worth $8,464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bogart Wealth LLC purchased a new stake in TJX Companies in the fourth quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the 4th quarter valued at $26,000. Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies in the 3rd quarter worth $30,000. SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies in the fourth quarter worth $30,000. Finally, Millstone Evans Group LLC purchased a new stake in TJX Companies during the fourth quarter valued at $30,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 2.8 %

TJX stock traded down $3.51 during mid-day trading on Friday, reaching $121.92. 12,959,431 shares of the stock traded hands, compared to its average volume of 5,267,162. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.33. The stock has a market capitalization of $137.06 billion, a PE ratio of 28.69, a PEG ratio of 2.75 and a beta of 0.96. 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 business has a 50-day moving average price of $121.69 and a two-hundred day moving average price of $120.37.

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TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion during 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%. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. TJX Companies's dividend payout ratio is presently 35.21%.

Analysts Set New Price Targets

TJX has been the topic of several research reports. 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. Robert W. Baird boosted their target price on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Friday. Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 10th. Finally, UBS Group boosted their price target on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and an average target price of $135.76.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the 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 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 at the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the business'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 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.