2,346 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by Diligent Investors LLC

Diligent Investors LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,346 shares of the apparel and home fashions retailer's stock, valued at approximately $283,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC bought a new stake in TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies during the fourth quarter valued at about $26,000. SOA Wealth Advisors LLC. acquired a new stake in shares of TJX Companies in the 4th quarter worth about $30,000. Millstone Evans Group LLC bought a new position in TJX Companies in the 4th quarter valued at about $30,000. Finally, Promus Capital LLC acquired a new position in TJX Companies during the 4th quarter valued at about $32,000. Institutional investors own 91.09% of the company's stock.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the company'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 directly owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated 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. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on TJX shares. Robert W. Baird increased their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. 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. UBS Group lifted their price objective 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. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and increased 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 price target on shares of TJX Companies from $125.00 to $115.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $136.94.

TJX Companies Stock Up 0.2 %

TJX stock opened at $128.68 on Thursday. The stock has a 50-day simple moving average of $122.80 and a two-hundred day simple moving average of $122.10. The TJX Companies, Inc. has a twelve month low of $97.47 and a twelve month high of $131.30. The firm has a market capitalization of $143.75 billion, a PE ratio of 30.28, a PEG ratio of 2.75 and a beta of 0.94. 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 issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during 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%. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently disclosed 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. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio (DPR) is 39.91%.

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.

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