Tandem Investment Partners LLC Makes New $618,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

Tandem Investment Partners LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,115 shares of the apparel and home fashions retailer's stock, valued at approximately $618,000.

A number of other hedge funds also recently made changes to their positions in the business. Congress Asset Management Co. grew its position in TJX Companies by 1.1% in the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock valued at $148,456,000 after buying an additional 13,036 shares in the last quarter. Atlas Legacy Advisors LLC acquired a new stake in shares of TJX Companies in the 4th quarter worth approximately $433,000. BLB&B Advisors LLC boosted its holdings in shares of TJX Companies by 2.8% in the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock valued at $9,795,000 after acquiring an additional 2,201 shares in the last quarter. Empowered Funds LLC increased its stake in shares of TJX Companies by 12.1% during the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock valued at $4,130,000 after acquiring an additional 3,691 shares during the period. Finally, Boyd Watterson Asset Management LLC OH bought a new stake in TJX Companies during the fourth quarter worth approximately $604,000. Institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TJX. Wells Fargo & Company increased their price target 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. Robert W. Baird lifted their target price on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Morgan Stanley upped their price target 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. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Finally, BMO Capital Markets increased 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. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of "Moderate Buy" and a consensus target price of $135.76.

Remove Ads

TJX Companies Stock Up 0.6 %

Shares of TJX Companies stock traded up $0.75 during midday trading on Friday, hitting $128.22. The company's stock had a trading volume of 6,934,458 shares, compared to its average volume of 5,356,695. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $129.02. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $143.24 billion, a P/E ratio of 30.17, a PEG ratio of 2.75 and a beta of 0.86. The stock has a 50-day simple moving average of $121.55 and a 200-day simple moving average of $120.66.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results 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 company 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%. As a group, sell-side analysts expect 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. Shareholders of record on Thursday, May 15th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, May 15th. 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%.

Insiders Place Their Bets

In related news, Director Alan M. Bennett sold 8,000 shares of the 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 completion of the sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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.