28,456 Shares in The TJX Companies, Inc. (NYSE:TJX) Bought by Bridgefront Capital LLC

Bridgefront Capital LLC purchased a new stake in shares of 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 firm purchased 28,456 shares of the apparel and home fashions retailer's stock, valued at approximately $3,438,000. TJX Companies makes up 1.2% of Bridgefront Capital LLC's holdings, making the stock its biggest holding.

Several other large investors also recently bought and sold shares of TJX. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in TJX Companies by 1.7% in the 4th 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 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 raised its stake in TJX Companies by 5.0% in the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after buying an additional 86 shares during the last quarter. Breakwater Capital Group boosted its stake in TJX Companies by 1.2% in the 4th quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer's stock worth $930,000 after purchasing an additional 91 shares in the last quarter. Finally, Capital Investment Advisory Services LLC lifted 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 worth $1,060,000 after buying an additional 91 shares during the period. Institutional investors own 91.09% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TJX. UBS Group upped their target price on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research note 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 research report on Thursday, April 3rd. Barclays lifted their price target on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. BMO Capital Markets raised their target price on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $136.94.

Insiders Place Their Bets

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of NYSE TJX traded up $0.22 during midday trading on Wednesday, reaching $128.68. The company's stock had a trading volume of 5,967,671 shares, compared to its average volume of 5,345,579. The company has a market cap of $143.75 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. 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 company has a 50 day moving average price of $122.80 and a 200 day moving average price of $122.10. The TJX Companies, Inc. has a one year low of $97.47 and a one year high of $131.30.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently declared 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 an increase from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's payout ratio is currently 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.