Hall Capital Management Co. Inc. Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Hall Capital Management Co. Inc. acquired a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,127 shares of the apparel and home fashions retailer's stock, valued at approximately $2,069,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC bought a new position in shares of TJX Companies during the 4th quarter valued at $25,000. SOA Wealth Advisors LLC. purchased a new position in TJX Companies in the fourth quarter worth about $30,000. Millstone Evans Group LLC purchased a new stake in TJX Companies in the fourth quarter worth approximately $30,000. Promus Capital LLC bought a new stake in TJX Companies in the 4th quarter worth approximately $32,000. Finally, Tacita Capital Inc bought a new stake in TJX Companies in the 4th quarter worth approximately $38,000. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $127.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $140.65.

TJX Companies Trading Down 1.4%

NYSE:TJX traded down $1.78 on Wednesday, hitting $126.18. 4,342,873 shares of the stock were exchanged, compared to its average volume of 5,336,064. The stock has a market capitalization of $140.96 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 52 week low of $101.01 and a 52 week high of $135.85. The company's 50-day moving average price is $126.39 and its 200 day moving average price is $123.71. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. The business's revenue was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently declared 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. This represents a $1.70 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is 40.00%.

Insider Transactions at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the company'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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction on 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 in the company, valued at $59,569,772.67. This represents a 4.62% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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.