1248 Management LLC Takes Position in The TJX Companies, Inc. (NYSE:TJX)

1248 Management LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,202 shares of the apparel and home fashions retailer's stock, valued at approximately $991,000.

Several other institutional investors have also modified their holdings of TJX. Norges Bank purchased a new position in TJX Companies during the fourth quarter worth about $1,670,565,000. Raymond James Financial Inc. acquired a new stake in TJX Companies in the 4th quarter valued at approximately $570,342,000. Capital Research Global Investors increased its holdings in TJX Companies by 689.6% in the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock valued at $313,512,000 after purchasing an additional 2,266,415 shares during the last quarter. Northern Trust Corp lifted its stake in TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares in the last quarter. Finally, DJE Kapital AG acquired a new stake in shares of TJX Companies in the fourth quarter valued at $140,068,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of research analyst reports. Barclays raised their target price on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Thursday. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. Finally, Wells Fargo & Company cut their target price on shares of TJX Companies from $125.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $137.06.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the firm'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 transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

TJX Companies Price Performance

Shares of NYSE TJX traded down $0.27 during midday trading on Monday, hitting $128.95. The company had a trading volume of 4,869,492 shares, compared to its average volume of 5,351,738. The firm has a market capitalization of $144.04 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a twelve month low of $95.38 and a twelve month high of $131.30. The business has a 50-day simple moving average of $122.53 and a two-hundred day simple moving average of $121.93. 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 released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This is a boost 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 annualized dividend and a dividend yield of 1.32%. TJX Companies's dividend payout ratio (DPR) is 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.