O Shaughnessy Asset Management LLC grew its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,685 shares of the apparel and home fashions retailer's stock after buying an additional 17,952 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in TJX Companies were worth $24,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Clearbridge Investments LLC increased its holdings in TJX Companies by 0.7% during the fourth quarter. Clearbridge Investments LLC now owns 5,921,211 shares of the apparel and home fashions retailer's stock valued at $715,342,000 after buying an additional 41,082 shares during the last quarter. United Bank grew its position in shares of TJX Companies by 10.1% during the 4th quarter. United Bank now owns 14,260 shares of the apparel and home fashions retailer's stock valued at $1,723,000 after acquiring an additional 1,311 shares during the period. Physician Wealth Advisors Inc. increased its stake in shares of TJX Companies by 5.3% in the 4th quarter. Physician Wealth Advisors Inc. now owns 2,139 shares of the apparel and home fashions retailer's stock worth $258,000 after purchasing an additional 107 shares in the last quarter. California Public Employees Retirement System raised its holdings in TJX Companies by 6.0% in the 4th quarter. California Public Employees Retirement System now owns 2,807,955 shares of the apparel and home fashions retailer's stock worth $339,229,000 after purchasing an additional 158,854 shares during the period. Finally, RWA Wealth Partners LLC raised its holdings in TJX Companies by 3.1% in the 4th quarter. RWA Wealth Partners LLC now owns 256,435 shares of the apparel and home fashions retailer's stock worth $30,980,000 after purchasing an additional 7,702 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business'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 currently owned by insiders.
TJX Companies Price Performance
NYSE:TJX traded up $0.88 during trading hours on Tuesday, reaching $122.68. The stock had a trading volume of 4,781,897 shares, compared to its average volume of 5,204,289. The stock has a market capitalization of $137.92 billion, a PE ratio of 28.87, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a 50 day moving average price of $121.61 and a two-hundred day moving average price of $120.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.
TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. As a group, sell-side analysts anticipate 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 declared 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 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 dividend yield of 1.39%. TJX Companies's dividend payout ratio (DPR) is presently 35.21%.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. UBS Group upped their price target on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Wells Fargo & Company raised their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 10th. Robert W. Baird upped their price target on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Telsey Advisory Group reissued 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 lifted 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 research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $135.06.
Check Out Our Latest Stock Report on TJX Companies
TJX Companies Company Profile
(
Free Report)
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.
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