Trexquant Investment LP grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 64.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 432,770 shares of the apparel and home fashions retailer's stock after acquiring an additional 170,151 shares during the quarter. TJX Companies comprises about 0.6% of Trexquant Investment LP's investment portfolio, making the stock its 4th biggest holding. Trexquant Investment LP's holdings in TJX Companies were worth $52,283,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in TJX. Howard Capital Management Group LLC increased its stake in shares of TJX Companies by 42.9% in the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer's stock worth $27,208,000 after purchasing an additional 69,489 shares in the last quarter. Quantbot Technologies LP bought a new stake in TJX Companies during the third quarter valued at about $922,000. Edgestream Partners L.P. purchased a new stake in TJX Companies in the third quarter worth about $2,047,000. Tradition Wealth Management LLC raised its stake in shares of TJX Companies by 2.6% in the third quarter. Tradition Wealth Management LLC now owns 3,755 shares of the apparel and home fashions retailer's stock worth $441,000 after buying an additional 95 shares during the period. Finally, Erste Asset Management GmbH purchased a new position in shares of TJX Companies during the 3rd quarter valued at about $9,742,000. 91.09% of the stock is currently owned by institutional investors.
TJX Companies Price Performance
TJX Companies stock traded up $0.39 during mid-day trading on Thursday, reaching $125.32. 11,373,078 shares of the company's stock traded hands, compared to its average volume of 5,237,249. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. 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 50 day moving average of $121.65 and a two-hundred day moving average of $120.31. The company has a market cap of $140.88 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 2.75 and a beta of 0.96.
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 (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.
TJX Companies Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a yield of 1.36%. TJX Companies's dividend payout ratio (DPR) is currently 35.21%.
Insider Buying and Selling 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 stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were 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. Company insiders own 0.13% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on TJX shares. UBS Group increased their target price 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. Morgan Stanley increased their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Guggenheim lifted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Barclays increased their price target on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, Robert W. Baird boosted their price objective on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $135.76.
View Our Latest Stock Analysis on TJX Companies
About TJX Companies
(
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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