XTX Topco Ltd Makes New $1.93 Million Investment in The TJX Companies, Inc. (NYSE:TJX)

XTX Topco Ltd bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,965 shares of the apparel and home fashions retailer's stock, valued at approximately $1,929,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of TJX Companies by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock worth $11,998,201,000 after purchasing an additional 578,948 shares during the period. Geode Capital Management LLC boosted its holdings in TJX Companies by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock valued at $2,930,965,000 after acquiring an additional 464,995 shares in the last quarter. Norges Bank purchased a new position in TJX Companies during the 4th quarter valued at $1,670,565,000. Invesco Ltd. increased its position in TJX Companies by 4.3% during the 4th quarter. Invesco Ltd. now owns 8,753,021 shares of the apparel and home fashions retailer's stock valued at $1,057,452,000 after purchasing an additional 363,879 shares during the period. Finally, Franklin Resources Inc. raised its holdings in TJX Companies by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer's stock worth $837,951,000 after purchasing an additional 657,529 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

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TJX Companies Trading Down 1.7 %

TJX traded down $2.25 during trading hours on Tuesday, reaching $128.35. 4,969,884 shares of the company's stock traded hands, compared to its average volume of 5,368,515. 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 firm has a 50-day moving average price of $121.65 and a 200 day moving average price of $120.77. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $131.37. The firm has a market capitalization of $143.38 billion, a PE ratio of 30.20, a PEG ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS 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 firm had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. As a group, sell-side analysts predict 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. Investors of record on Thursday, May 15th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.32%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is 39.91%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Barclays raised 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. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. UBS Group boosted their price objective on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Finally, StockNews.com lowered TJX Companies from a "buy" rating to a "hold" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and an average target price of $135.76.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction that occurred 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 currently owned by company insiders.

TJX Companies 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.