Elefante Mark B Has $4.12 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Elefante Mark B increased its stake in The TJX Companies by 15.3%, acquiring an additional 4,495 shares, bringing its total to 33,795 shares, valued at approximately $4.12 million.
• Several institutional investors have recently made significant changes to their positions in TJX, with Brighton Jones LLC notably raising its holdings by 113.7% during the fourth quarter.
• Analysts have set a consensus rating of "Buy" for TJX Companies, with a current average price target of $141.06, reflecting optimism for the stock's future performance.

Elefante Mark B boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 15.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,795 shares of the apparel and home fashions retailer's stock after acquiring an additional 4,495 shares during the period. TJX Companies makes up approximately 3.3% of Elefante Mark B's investment portfolio, making the stock its 12th largest holding. Elefante Mark B's holdings in TJX Companies were worth $4,116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $1,670,565,000. GAMMA Investing LLC increased its position in shares of TJX Companies by 14,486.1% in the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after acquiring an additional 2,892,151 shares during the last quarter. Capital Research Global Investors increased its position in shares of TJX Companies by 689.6% in the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock valued at $313,512,000 after acquiring an additional 2,266,415 shares during the last quarter. Northern Trust Corp increased its position in shares of TJX Companies by 15.2% in the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after acquiring an additional 1,845,225 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of TJX Companies by 12.9% in the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after acquiring an additional 1,403,561 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TJX shares. Robert W. Baird lifted their target price on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Loop Capital set a $150.00 price target on TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Barclays reissued an "overweight" rating and set a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $141.06.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

TJX Companies Price Performance

NYSE:TJX traded down $0.48 during trading hours on Monday, reaching $125.96. 1,930,168 shares of the company were exchanged, compared to its average volume of 5,318,971. The company has a market capitalization of $140.71 billion, a P/E ratio of 29.65, a P/E/G ratio of 2.95 and a beta of 0.88. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The business has a 50 day moving average of $125.58 and a 200 day moving average of $124.31.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results 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 the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. Research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

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.