Townsquare Capital LLC Has $9.33 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Townsquare Capital LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 17.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 77,193 shares of the apparel and home fashions retailer's stock after buying an additional 11,229 shares during the period. Townsquare Capital LLC's holdings in TJX Companies were worth $9,326,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TJX. Crux Wealth Advisors bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $834,000. Nicolet Bankshares Inc. raised its stake in shares of TJX Companies by 2.1% in the fourth quarter. Nicolet Bankshares Inc. now owns 14,859 shares of the apparel and home fashions retailer's stock valued at $1,795,000 after purchasing an additional 311 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in TJX Companies by 4.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,006,524 shares of the apparel and home fashions retailer's stock worth $121,571,000 after purchasing an additional 39,295 shares during the period. Petros Family Wealth LLC bought a new position in TJX Companies in the fourth quarter worth $202,000. Finally, Sterling Capital Management LLC boosted its stake in TJX Companies by 4.2% during the fourth quarter. Sterling Capital Management LLC now owns 29,931 shares of the apparel and home fashions retailer's stock worth $3,616,000 after buying an additional 1,203 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

Insider Activity

In related news, 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 in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 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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Analysts Set New Price Targets

TJX has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Robert W. Baird lifted their price objective on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. StockNews.com cut TJX Companies from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, BMO Capital Markets raised their target price on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $135.76.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $2.25 during trading on Tuesday, reaching $128.35. The company's stock had a trading volume of 4,969,884 shares, compared to its average volume of 5,368,515. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $131.37. The stock has a 50-day moving average price of $121.65 and a two-hundred day moving average price of $120.77. 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 stock has a market capitalization of $143.38 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $16.24 billion. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio (DPR) is presently 39.91%.

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.