Investment Management Corp VA ADV Purchases New Stake in The TJX Companies, Inc. (NYSE:TJX)

Investment Management Corp VA ADV purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,428 shares of the apparel and home fashions retailer's stock, valued at approximately $414,000.

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

Analyst Ratings Changes

TJX has been the topic of a number of research reports. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research report on Wednesday. TD Securities upped their price objective on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday. Loop Capital set a $150.00 price objective on TJX Companies and gave the stock a "buy" rating in a report on Thursday. Barclays raised their target price on TJX Companies from $137.00 to $147.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One research analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.50.

Insider Transactions at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $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. Corporate insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $129.47 on Friday. The stock has a market cap of $144.63 billion, a price-to-earnings ratio of 30.46, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1-year low of $99.22 and a 1-year high of $135.85. The stock's 50-day moving average is $125.79 and its 200 day moving average is $123.44.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a $0.425 dividend. This is a positive change 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 1.31%. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio (DPR) is currently 39.91%.

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.

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