Woodline Partners LP Makes New $8.18 Million Investment in The TJX Companies, Inc. (NYSE:TJX)

Woodline Partners LP purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 67,734 shares of the apparel and home fashions retailer's stock, valued at approximately $8,183,000.

A number of other large investors also recently modified their holdings of TJX. Vident Advisory LLC lifted its position in shares of TJX Companies by 157.1% during the 4th quarter. Vident Advisory LLC now owns 266,153 shares of the apparel and home fashions retailer's stock worth $32,154,000 after purchasing an additional 162,613 shares during the last quarter. Vivaldi Capital Management LP purchased a new stake in TJX Companies during the 4th quarter worth about $492,000. WBI Investments LLC boosted its position in shares of TJX Companies by 74.2% during the 4th quarter. WBI Investments LLC now owns 7,855 shares of the apparel and home fashions retailer's stock worth $949,000 after acquiring an additional 3,345 shares in the last quarter. Twinbeech Capital LP boosted its position in shares of TJX Companies by 25,517.1% during the 4th quarter. Twinbeech Capital LP now owns 637,354 shares of the apparel and home fashions retailer's stock worth $76,999,000 after acquiring an additional 634,866 shares in the last quarter. Finally, Texas Bank & Trust Co purchased a new position in shares of TJX Companies in the 4th quarter valued at about $812,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62% decrease in their ownership of the stock. 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 business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Performance

Shares of TJX stock traded up $2.29 during midday trading on Tuesday, hitting $127.99. The company had a trading volume of 4,769,542 shares, compared to its average volume of 5,330,362. The stock has a market cap of $142.98 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 2.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company's 50 day simple moving average is $126.16 and its 200 day simple moving average is $123.68. The TJX Companies, Inc. has a 52-week low of $101.01 and a 52-week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's payout ratio is 40.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Cowen restated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, May 21st. TD Securities increased their target price on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, Barclays restated an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, TJX Companies has an average rating of "Moderate Buy" and an average target price of $140.65.

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.