37,445 Shares in The TJX Companies, Inc. (NYSE:TJX) Purchased by Strategic Global Advisors LLC

Strategic Global Advisors LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 37,445 shares of the apparel and home fashions retailer's stock, valued at approximately $4,524,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Strategic Wealth Partners Ltd. lifted its position in shares of TJX Companies by 14.8% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 75,877 shares of the apparel and home fashions retailer's stock worth $9,549,000 after buying an additional 9,782 shares during the last quarter. Steadfast Capital Management LP raised its stake in TJX Companies by 501.9% during the fourth quarter. Steadfast Capital Management LP now owns 1,235,448 shares of the apparel and home fashions retailer's stock worth $149,254,000 after acquiring an additional 1,030,200 shares during the period. Snowden Capital Advisors LLC lifted its holdings in TJX Companies by 6.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 45,236 shares of the apparel and home fashions retailer's stock worth $5,465,000 after acquiring an additional 2,702 shares during the last quarter. Shell Asset Management Co. boosted its stake in TJX Companies by 16.5% in the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock valued at $3,524,000 after acquiring an additional 4,128 shares during the period. Finally, Silvercrest Asset Management Group LLC grew its holdings in shares of TJX Companies by 2.7% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 66,378 shares of the apparel and home fashions retailer's stock valued at $8,019,000 after purchasing an additional 1,732 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Buying and Selling at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction dated 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 owns 484,189 shares in the company, valued at $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. Insiders own 0.13% of the company's stock.

TJX Companies Stock Up 0.0%

Shares of TJX Companies stock traded up $0.05 during midday trading on Tuesday, reaching $135.08. 7,047,080 shares of the company's stock traded hands, compared to its average volume of 5,347,948. The company has a market cap of $150.90 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 52 week low of $97.53 and a 52 week high of $135.85. The company's 50 day simple moving average is $125.14 and its 200 day simple moving average is $123.27. 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 announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal 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 dividend of $0.425 per share. 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 1.26%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's dividend payout ratio is presently 39.91%.

Analysts Set New Price Targets

Several analysts recently issued reports on TJX shares. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and raised their price target for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. Barclays raised their target price on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Morgan Stanley lowered their price target on shares of TJX Companies from $136.00 to $133.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. JPMorgan Chase & Co. lifted their price objective on shares of TJX Companies from $127.00 to $130.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and a consensus price target of $137.11.

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.