Susquehanna Fundamental Investments LLC Buys Shares of 266,898 The TJX Companies, Inc. (NYSE:TJX)

Susquehanna Fundamental Investments LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 266,898 shares of the apparel and home fashions retailer's stock, valued at approximately $32,244,000.

Other large investors have also bought and sold shares of the company. Bogart Wealth LLC bought a new stake in shares of TJX Companies in the fourth quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies in the fourth quarter worth approximately $26,000. SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies in the fourth quarter worth approximately $30,000. Millstone Evans Group LLC bought a new stake in shares of TJX Companies in the fourth quarter worth approximately $30,000. Finally, Promus Capital LLC bought a new stake in shares of TJX Companies in the fourth quarter worth approximately $32,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction 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 sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction on 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. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. Robert W. Baird lifted their price target on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Morgan Stanley boosted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and upped their price target for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. BMO Capital Markets upped their price target on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Barclays upped their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $137.38.

TJX Companies Price Performance

Shares of TJX stock traded up $0.55 during mid-day trading on Monday, hitting $127.11. The company had a trading volume of 3,573,208 shares, compared to its average volume of 5,366,230. The TJX Companies, Inc. has a 52-week low of $93.39 and a 52-week high of $131.30. The stock's 50 day moving average price is $122.02 and its 200-day moving average price is $121.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market capitalization of $141.99 billion, a P/E ratio of 29.91, a P/E/G ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last released 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. The company had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid 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 yield of 1.34%. TJX Companies's dividend payout ratio is presently 39.91%.

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.