Challenger Wealth Management Invests $1.24 Million in The TJX Companies, Inc. (NYSE:TJX)

Challenger Wealth Management bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,225 shares of the apparel and home fashions retailer's stock, valued at approximately $1,235,000. TJX Companies accounts for approximately 1.1% of Challenger Wealth Management's investment portfolio, making the stock its 23rd largest holding.

A number of other large investors also recently made changes to their positions in TJX. Brighton Jones LLC increased its stake in TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after acquiring an additional 8,002 shares during the period. Cornerstone Wealth Management LLC increased its stake in TJX Companies by 1.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 6,063 shares of the apparel and home fashions retailer's stock worth $732,000 after acquiring an additional 110 shares during the period. Exchange Traded Concepts LLC increased its stake in TJX Companies by 2.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 23,147 shares of the apparel and home fashions retailer's stock worth $2,796,000 after acquiring an additional 530 shares during the period. Cottonwood Capital Advisors LLC bought a new position in TJX Companies during the 4th quarter worth $227,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of TJX Companies in the 4th quarter valued at $698,000. Institutional investors own 91.09% of the company's stock.

Insider Activity at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents 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 brokerages have weighed in on TJX. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Morgan Stanley set a $140.00 target price on TJX Companies and gave the company an "overweight" rating in a report on Thursday, May 22nd. Robert W. Baird raised their target price on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. raised their target price on TJX Companies from $127.00 to $130.00 and gave the company an "overweight" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.65.

TJX Companies Trading Down 1.4%

TJX traded down $1.78 during midday trading on Wednesday, hitting $126.18. 4,342,873 shares of the company were exchanged, compared to its average volume of 5,336,064. The firm has a market capitalization of $140.96 billion, a P/E ratio of 29.69, a P/E/G ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 1-year low of $101.01 and a 1-year high of $135.85. The firm's 50 day moving average price is $126.39 and its 200-day moving average price is $123.71. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.35%. 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 presently 40.00%.

About TJX Companies

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.