Summit Financial LLC Buys 20,283 Shares of The TJX Companies, Inc. (NYSE:TJX)

Summit Financial LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 65.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,090 shares of the apparel and home fashions retailer's stock after acquiring an additional 20,283 shares during the period. Summit Financial LLC's holdings in TJX Companies were worth $6,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in TJX Companies in the fourth quarter valued at about $1,670,565,000. Raymond James Financial Inc. acquired a new position in TJX Companies in the fourth quarter worth $570,342,000. DJE Kapital AG bought a new stake in shares of TJX Companies during the fourth quarter worth $140,068,000. Provident Trust Co. grew its holdings in shares of TJX Companies by 71.3% during the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer's stock worth $328,984,000 after purchasing an additional 1,133,486 shares during the last quarter. Finally, Capital Wealth Planning LLC increased its stake in shares of TJX Companies by 39.1% in 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 buying an additional 1,027,456 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

Insider Activity at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the company'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 value of $2,882,346.84. Following 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 disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

TJX has been the topic of a number of research analyst reports. Robert W. Baird increased their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Morgan Stanley boosted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. BMO Capital Markets increased their price objective on TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. Finally, Barclays raised their price target on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, TJX Companies currently has an average rating of "Moderate Buy" and an average target price of $135.06.

TJX Companies Trading Up 0.7 %

TJX stock traded up $0.88 during midday trading on Tuesday, hitting $122.68. 4,781,897 shares of the company's stock were exchanged, compared to its average volume of 5,210,158. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. 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 market cap of $137.92 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The stock's fifty day moving average price is $121.61 and its 200-day moving average price is $120.26.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Research analysts predict 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. Investors of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. 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. TJX Companies's dividend payout ratio (DPR) is presently 35.21%.

TJX Companies Company 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.