Chancellor Financial Group WB LP Acquires Shares of 2,058 The TJX Companies, Inc. (NYSE:TJX)

Chancellor Financial Group WB LP purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,058 shares of the apparel and home fashions retailer's stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC grew its holdings in TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after purchasing an additional 8,002 shares during the period. Geneos Wealth Management Inc. acquired a new position in TJX Companies during the fourth quarter valued at approximately $698,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in TJX Companies by 25.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,869 shares of the apparel and home fashions retailer's stock valued at $588,000 after purchasing an additional 976 shares during the period. Drive Wealth Management LLC grew its holdings in TJX Companies by 3.7% during the fourth quarter. Drive Wealth Management LLC now owns 3,713 shares of the apparel and home fashions retailer's stock valued at $449,000 after purchasing an additional 133 shares during the period. Finally, Cornerstone Wealth Group LLC grew its holdings in TJX Companies by 3.7% during the fourth quarter. Cornerstone Wealth Group LLC now owns 5,309 shares of the apparel and home fashions retailer's stock valued at $641,000 after purchasing an additional 188 shares during the period. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Down 0.2%

TJX stock traded down $0.28 during midday trading on Friday, reaching $126.79. 9,364,867 shares of the company's stock traded hands, compared to its average volume of 5,341,651. The company has a market cap of $141.64 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 2.75 and a beta of 0.94. The firm's fifty day moving average price is $126.74 and its 200-day moving average price is $123.79. 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 TJX Companies, Inc. has a 52 week low of $102.90 and a 52 week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The business's revenue was up 5.1% compared to the same quarter last year. As a group, sell-side 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. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. This is an increase from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, May 15th. TJX Companies's payout ratio is 40.00%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TJX shares. Barclays restated an "overweight" rating and set a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. UBS Group reiterated a "buy" rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.65.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of the business'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 transaction, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. The trade was a 4.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

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.