Aster Capital Management DIFC Ltd Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Aster Capital Management DIFC Ltd increased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 84.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,079 shares of the apparel and home fashions retailer's stock after purchasing an additional 5,088 shares during the period. Aster Capital Management DIFC Ltd's holdings in TJX Companies were worth $1,338,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Bogart Wealth LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the 4th quarter valued at about $26,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the 3rd quarter worth $30,000. SOA Wealth Advisors LLC. purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $30,000. Finally, Millstone Evans Group LLC purchased a new position in TJX Companies during the fourth quarter worth about $30,000. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction 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 directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 value of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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TJX Companies Stock Performance

NYSE TJX traded up $0.54 during trading on Thursday, reaching $126.59. 3,449,004 shares of the company's stock were exchanged, compared to its average volume of 5,327,260. 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 TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.99. The business has a 50 day moving average price of $121.43 and a 200-day moving average price of $120.52. The stock has a market capitalization of $141.41 billion, a P/E ratio of 29.85, a PEG ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $16.24 billion. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a dividend of $0.425 per share. 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. This represents a $1.70 annualized dividend and a dividend yield of 1.34%. TJX Companies's dividend payout ratio is presently 39.91%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TJX shares. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. BMO Capital Markets boosted their target price on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Wells Fargo & Company raised their price target on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 10th. Morgan Stanley raised their price target on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Finally, Robert W. Baird increased their target price on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, TJX Companies has an average rating of "Moderate Buy" and an average target price of $135.76.

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.