Cary Street Partners Financial LLC Purchases New Shares in The TJX Companies, Inc. (NYSE:TJX)

Cary Street Partners Financial LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,390 shares of the apparel and home fashions retailer's stock, valued at approximately $3,671,000.

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

Insider Transactions at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the company's 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 sale was disclosed in a document filed 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 dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

TJX Companies Trading Down 0.2 %

TJX Companies stock opened at $128.95 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a fifty-two week low of $95.38 and a fifty-two week high of $131.30. The stock has a market cap of $144.04 billion, a P/E ratio of 30.34, a PEG ratio of 2.75 and a beta of 0.94. The firm's fifty day moving average price is $122.62 and its 200-day moving average price is $122.01.

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 analysts' consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business 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 $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's payout ratio is currently 39.91%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TJX. Morgan Stanley lifted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Wells Fargo & Company cut their price target on TJX Companies from $125.00 to $115.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Robert W. Baird increased their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Barclays boosted their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.06.

TJX Companies Company 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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