Soros Capital Management LLC Makes New $10.39 Million Investment in The TJX Companies, Inc. (NYSE:TJX)

Soros Capital Management LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 85,999 shares of the apparel and home fashions retailer's stock, valued at approximately $10,390,000. TJX Companies makes up about 1.6% of Soros Capital Management LLC's investment portfolio, making the stock its 21st biggest holding.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Wednesday. Barclays boosted their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. UBS Group increased 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. BMO Capital Markets boosted their price target on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Finally, Morgan Stanley raised their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $135.76.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the business'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 sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of the firm'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. Insiders own 0.13% of the company's stock.

TJX Companies Trading Up 0.8 %

Shares of NYSE:TJX traded up $1.04 during midday trading on Thursday, reaching $126.54. The company's stock had a trading volume of 4,625,776 shares, compared to its average volume of 5,381,166. The TJX Companies, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $131.30. 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 firm has a 50 day moving average price of $121.85 and a two-hundred day moving average price of $121.21. The firm has a market capitalization of $141.36 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.75 and a beta of 0.86.

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, beating the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for 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%. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.34%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is currently 39.91%.

About TJX Companies

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.