MGO One Seven LLC Acquires 10,454 Shares of The TJX Companies, Inc. (NYSE:TJX)

MGO One Seven LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 35.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 39,724 shares of the apparel and home fashions retailer's stock after purchasing an additional 10,454 shares during the quarter. MGO One Seven LLC's holdings in TJX Companies were worth $4,799,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in TJX Companies in the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at approximately $26,000. SOA Wealth Advisors LLC. acquired a new stake in shares of TJX Companies in the fourth quarter worth $30,000. Millstone Evans Group LLC bought a new position in TJX Companies during the fourth quarter worth $30,000. Finally, Promus Capital LLC acquired a new position in TJX Companies during the 4th quarter valued at $32,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction dated 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 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. Corporate insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

Shares of TJX Companies stock traded up $0.02 on Tuesday, hitting $127.15. The stock had a trading volume of 916,492 shares, compared to its average volume of 5,348,756. The TJX Companies, Inc. has a twelve month low of $93.39 and a twelve month high of $131.30. The business's 50 day moving average is $122.02 and its two-hundred day moving average is $121.60. 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 stock has a market cap of $142.04 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last issued 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 the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion during 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%. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.34%. TJX Companies's dividend payout ratio is presently 39.91%.

Analyst Ratings Changes

TJX has been the topic of several research analyst reports. Morgan Stanley raised their price target 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. Barclays raised 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.38.

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.