BLI Banque de Luxembourg Investments Purchases New Shares in The TJX Companies, Inc. (NYSE:TJX)

BLI Banque de Luxembourg Investments acquired a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 550,250 shares of the apparel and home fashions retailer's stock, valued at approximately $66,638,000. TJX Companies accounts for about 1.8% of BLI Banque de Luxembourg Investments' portfolio, making the stock its 14th largest holding.

Several other hedge funds have also modified their holdings of the company. Congress Asset Management Co. grew its position in shares of TJX Companies by 1.1% in the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock valued at $148,456,000 after purchasing an additional 13,036 shares during the period. Atlas Legacy Advisors LLC acquired a new stake in TJX Companies in the 4th quarter worth about $433,000. BLB&B Advisors LLC boosted its holdings in TJX Companies by 2.8% in the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock worth $9,795,000 after buying an additional 2,201 shares during the last quarter. Empowered Funds LLC increased its stake in TJX Companies by 12.1% during the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock worth $4,130,000 after buying an additional 3,691 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new position in shares of TJX Companies during the fourth quarter valued at approximately $604,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

NYSE TJX opened at $129.23 on Friday. The stock has a fifty day simple moving average of $122.53 and a 200-day simple moving average of $121.90. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market cap of $144.36 billion, a PE ratio of 30.41, a P/E/G 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.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a $0.425 dividend. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. TJX Companies's payout ratio is presently 39.91%.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 23,428 shares of the 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 transaction, the chief executive officer now 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 Securities & Exchange Commission, which is accessible 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 insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on TJX. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Robert W. Baird upped their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. BMO Capital Markets raised their price target on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. UBS Group upped their price objective on shares of 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 shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and a consensus price target of $137.06.

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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