Cypress Asset Management Inc. TX Acquires Shares of 3,850 The TJX Companies, Inc. (NYSE:TJX)

Cypress Asset Management Inc. TX bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,850 shares of the apparel and home fashions retailer's stock, valued at approximately $465,000.

Other hedge funds also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in TJX Companies by 1.7% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock worth $603,000 after buying an additional 84 shares during the last quarter. Nwam LLC lifted its holdings in TJX Companies by 2.0% during the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock worth $524,000 after buying an additional 84 shares during the last quarter. One Charles Private Wealth Services LLC lifted its holdings in TJX Companies by 5.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock worth $218,000 after buying an additional 86 shares during the last quarter. Capital Investment Advisory Services LLC lifted its holdings in TJX Companies by 1.0% during the 4th quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer's stock worth $1,060,000 after buying an additional 91 shares during the last quarter. Finally, Charter Oak Capital Management LLC lifted its holdings in TJX Companies by 4.0% during the 4th quarter. Charter Oak Capital Management LLC now owns 2,551 shares of the apparel and home fashions retailer's stock worth $308,000 after buying an additional 97 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of TJX traded down $1.78 on Wednesday, reaching $126.18. The stock had a trading volume of 4,342,873 shares, compared to its average volume of 5,336,064. The firm has a market capitalization of $140.96 billion, a PE ratio of 29.69, a PEG ratio of 2.75 and a beta of 0.94. 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 50-day moving average of $126.39 and a 200 day moving average of $123.71. The TJX Companies, Inc. has a twelve month low of $101.01 and a twelve month 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, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the prior year, the company earned $0.93 EPS. TJX Companies's revenue was up 5.1% on a year-over-year basis. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. 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. TJX Companies's dividend payout ratio is presently 40.00%.

Insider Activity at TJX Companies

In related 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 transaction, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This trade represents a 4.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on TJX. Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. JPMorgan Chase & Co. boosted 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. Loop Capital set a $150.00 target price on TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, TD Securities boosted their target price on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $140.65.

TJX Companies 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.