Novem Group Acquires New Stake in The TJX Companies, Inc. (NYSE:TJX)

Novem Group bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,845 shares of the apparel and home fashions retailer's stock, valued at approximately $706,000.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TJX shares. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research note on Wednesday. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a report on Wednesday. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday. Morgan Stanley dropped their target price on shares of TJX Companies from $136.00 to $133.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research note on Wednesday. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, TJX Companies currently has a consensus rating of "Moderate Buy" and an average target price of $137.11.

TJX Companies Stock Down 2.9%

Shares of NYSE:TJX opened at $130.97 on Thursday. The business's 50 day moving average is $125.49 and its 200 day moving average is $123.32. The TJX Companies, Inc. has a 12-month low of $99.22 and a 12-month high of $135.85. The stock has a market cap of $146.31 billion, a price-to-earnings ratio of 30.82, 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.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the firm earned $0.93 EPS. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, 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 company 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 dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.30%. TJX Companies's payout ratio is 39.91%.

Insiders Place Their Bets

In related news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 sale, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently 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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.