StoneX Group Inc. Takes $1.30 Million Position in The TJX Companies, Inc. (NYSE:TJX)

StoneX Group Inc. acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,724 shares of the apparel and home fashions retailer's stock, valued at approximately $1,296,000.

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

TJX Companies Trading Up 0.3 %

Shares of NYSE TJX traded up $0.39 during midday trading on Thursday, reaching $125.32. 11,385,422 shares of the stock were exchanged, compared to its average volume of 5,237,259. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a market capitalization of $140.88 billion, a P/E ratio of 29.49, a P/E/G ratio of 2.75 and a beta of 0.96. The stock has a 50 day moving average price of $121.65 and a 200-day moving average price of $120.31. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.36%. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio is 35.21%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the sale, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TJX. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. Barclays increased their price objective on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. UBS Group upped their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, BMO Capital Markets upped 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. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.