Scotia Capital Inc. Purchases 41,921 Shares of The TJX Companies, Inc. (NYSE:TJX)

Scotia Capital Inc. boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 16.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 295,313 shares of the apparel and home fashions retailer's stock after purchasing an additional 41,921 shares during the period. Scotia Capital Inc.'s holdings in TJX Companies were worth $35,682,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of TJX Companies during the 4th quarter valued at about $1,670,565,000. Raymond James Financial Inc. purchased a new position in shares of TJX Companies during the 4th quarter valued at $570,342,000. DJE Kapital AG bought a new position in TJX Companies in the 4th quarter worth $140,068,000. Provident Trust Co. increased its stake in TJX Companies by 71.3% in the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer's stock worth $328,984,000 after buying an additional 1,133,486 shares in the last quarter. Finally, Capital Wealth Planning LLC raised its holdings in TJX Companies by 39.1% during the fourth quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer's stock valued at $441,953,000 after acquiring an additional 1,027,456 shares during the period. Institutional investors own 91.09% of the company's stock.

TJX Companies Trading Up 1.3 %

TJX Companies stock traded up $1.68 during mid-day trading on Monday, hitting $129.83. The company's stock had a trading volume of 1,771,149 shares, compared to its average volume of 5,349,135. 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 company has a 50 day moving average of $121.55 and a 200-day moving average of $120.68. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $130.94. The stock has a market cap of $145.03 billion, a PE ratio of 30.55, a P/E/G ratio of 2.75 and a beta of 0.86.

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TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. On average, research analysts anticipate 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. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. This is a positive change 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 1.31%. TJX Companies's payout ratio is presently 39.91%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com downgraded TJX Companies from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. BMO Capital Markets raised their target price 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. Barclays boosted their price target on shares of 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 target price on shares of TJX Companies in a report on Thursday, February 27th. Finally, Robert W. Baird increased their price target on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating 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 stock. According to MarketBeat.com, TJX Companies currently has an average rating of "Moderate Buy" and a consensus target price of $135.76.

Insider Buying and Selling

In other news, 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 value of $988,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred on 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 owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

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.