The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Shelton Capital Management

Shelton Capital Management boosted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 57.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 137,899 shares of the apparel and home fashions retailer's stock after purchasing an additional 50,182 shares during the quarter. Shelton Capital Management's holdings in TJX Companies were worth $16,660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in TJX Companies during the fourth quarter worth about $1,670,565,000. Raymond James Financial Inc. purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $570,342,000. DJE Kapital AG acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $140,068,000. Provident Trust Co. lifted its position in 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 buying an additional 1,133,486 shares in the last quarter. Finally, Capital Wealth Planning LLC boosted its stake in TJX Companies by 39.1% during the fourth quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer's stock worth $441,953,000 after buying an additional 1,027,456 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Up 0.6 %

TJX traded up $0.75 on Friday, hitting $128.22. 6,934,458 shares of the company were exchanged, compared to its average volume of 5,356,695. The firm has a 50-day moving average price of $121.55 and a two-hundred day moving average price of $120.66. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $129.02. The company has a market cap of $143.24 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

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TJX Companies (NYSE:TJX - Get Free Report) last announced 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 business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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 issued 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 39.91%.

Insiders Place Their Bets

In related news, Director Alan M. Bennett sold 8,000 shares of the company's 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the firm'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 directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their price target on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 10th. BMO Capital Markets boosted their target price on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and raised their price target for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. Morgan Stanley upped their price objective on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Finally, UBS Group raised their target price on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $135.76.

About TJX Companies

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.