Aquatic Capital Management LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 53.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,031 shares of the apparel and home fashions retailer's stock after buying an additional 24,631 shares during the period. Aquatic Capital Management LLC's holdings in TJX Companies were worth $8,581,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in TJX Companies by 1.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock valued at $603,000 after acquiring an additional 84 shares during the last quarter. Nwam LLC grew its holdings in shares of TJX Companies by 2.0% in the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock worth $524,000 after purchasing an additional 84 shares during the last quarter. One Charles Private Wealth Services LLC grew its stake in TJX Companies by 5.0% in the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock worth $218,000 after acquiring an additional 86 shares in the last quarter. Breakwater Capital Group raised its stake in shares of TJX Companies by 1.2% during the fourth quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer's stock valued at $930,000 after acquiring an additional 91 shares in the last quarter. Finally, Capital Investment Advisory Services LLC raised its stake in shares of TJX Companies by 1.0% during the fourth quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer's stock valued at $1,060,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 91.09% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Robert W. Baird lifted their price target on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Barclays lifted their price objective on shares of 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 reissued an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. BMO Capital Markets lifted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $137.06.
View Our Latest Report on TJX Companies
Insider Buying and Selling
In other 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 transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the 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. 0.13% of the stock is currently owned by insiders.
TJX Companies Trading Up 0.5 %
NYSE:TJX traded up $0.62 on Wednesday, reaching $128.65. The company's stock had a trading volume of 5,684,446 shares, compared to its average volume of 5,365,321. The TJX Companies, Inc. has a 12-month low of $93.39 and a 12-month high of $131.30. 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 market cap of $143.72 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The stock has a 50 day moving average price of $122.13 and a 200 day moving average price of $121.65.
TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating 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 the consensus estimate of $16.24 billion. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.
TJX Companies Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a dividend of $0.425 per share. 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. The ex-dividend date is Thursday, May 15th. TJX Companies's payout ratio is presently 39.91%.
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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