Dark Forest Capital Management LP Has $595,000 Stake in The TJX Companies, Inc. (NYSE:TJX)

Dark Forest Capital Management LP lessened its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 52.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,924 shares of the apparel and home fashions retailer's stock after selling 5,377 shares during the period. Dark Forest Capital Management LP's holdings in TJX Companies were worth $595,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company increased their target price 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. UBS Group raised their target price on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Morgan Stanley raised their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, Barclays upped their target price 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. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $137.38.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the business's 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 directly owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The transaction 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 company's stock in a transaction on Thursday, February 27th. The stock was 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 owned by insiders.

TJX Companies Price Performance

Shares of TJX traded up $1.01 during trading hours on Tuesday, reaching $128.14. 3,886,642 shares of the company traded hands, compared to its average volume of 5,360,335. The stock has a fifty day simple moving average of $122.02 and a 200 day simple moving average of $121.60. The TJX Companies, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $131.30. The stock has a market capitalization of $143.14 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders 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 represents a $1.70 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is currently 39.91%.

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.