Deutsche Bank AG Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Deutsche Bank AG raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 24.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,114,637 shares of the apparel and home fashions retailer's stock after purchasing an additional 1,008,779 shares during the period. Deutsche Bank AG owned 0.45% of TJX Companies worth $617,899,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Diligent Investors LLC acquired a new stake in TJX Companies during the fourth quarter worth about $283,000. EP Wealth Advisors LLC lifted its position in TJX Companies by 1.2% during the 4th quarter. EP Wealth Advisors LLC now owns 253,154 shares of the apparel and home fashions retailer's stock valued at $30,584,000 after purchasing an additional 3,012 shares during the period. Colonial Trust Co SC increased its holdings in TJX Companies by 7.2% in the fourth quarter. Colonial Trust Co SC now owns 44,220 shares of the apparel and home fashions retailer's stock valued at $5,342,000 after purchasing an additional 2,958 shares during the last quarter. Concorde Financial Corp lifted its holdings in TJX Companies by 0.5% during the fourth quarter. Concorde Financial Corp now owns 42,561 shares of the apparel and home fashions retailer's stock worth $5,142,000 after acquiring an additional 220 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its stake in TJX Companies by 3.2% in the 4th quarter. CoreCap Advisors LLC now owns 41,709 shares of the apparel and home fashions retailer's stock valued at $5,039,000 after acquiring an additional 1,286 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

TJX traded down $0.59 during trading on Tuesday, reaching $130.90. The company's stock had a trading volume of 2,174,516 shares, compared to its average volume of 5,328,629. 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 fifty day simple moving average of $123.19 and a two-hundred day simple moving average of $122.51. The company has a market cap of $146.23 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 1 year low of $97.53 and a 1 year high of $132.42.

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 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a $0.425 dividend. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio is currently 39.91%.

Insider Buying and Selling

In other TJX Companies news, 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 transaction of $988,240.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction 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 $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. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on TJX. Morgan Stanley reduced their price target on shares of TJX Companies from $136.00 to $133.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. 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. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday. BMO Capital Markets increased their target price on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $136.94.

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.