Nearwater Capital Markets Ltd Invests $32.02 Million in The TJX Companies, Inc. (NYSE:TJX)

Nearwater Capital Markets Ltd purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 265,000 shares of the apparel and home fashions retailer's stock, valued at approximately $32,015,000.

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

TJX Companies Trading Up 0.2%

NYSE:TJX traded up $0.33 during trading hours on Friday, reaching $133.37. 4,871,785 shares of the stock were exchanged, compared to its average volume of 5,353,315. 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 business has a 50-day moving average of $124.30 and a two-hundred day moving average of $122.89. The TJX Companies, Inc. has a twelve month low of $97.53 and a twelve month high of $133.90. The company has a market capitalization of $148.98 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 2.75 and a beta of 0.94.

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 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.27%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio is 39.91%.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on 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 of the company's stock, valued at $59,569,772.67. This represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction 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. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on TJX. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Barclays upped their price target on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. BMO Capital Markets upped their price target on TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Morgan Stanley dropped their price target on TJX Companies from $136.00 to $133.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Finally, Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and upped their price target for the company from $128.00 to $140.00 in a research report on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and an average price target of $137.25.

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.