Strategic Wealth Partners Ltd. increased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,877 shares of the apparel and home fashions retailer's stock after acquiring an additional 9,782 shares during the quarter. Strategic Wealth Partners Ltd.'s holdings in TJX Companies were worth $9,549,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in TJX. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in shares of TJX Companies by 1.7% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock worth $603,000 after buying an additional 84 shares in the last quarter. Nwam LLC raised its holdings in TJX Companies by 2.0% in the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after acquiring an additional 84 shares during the last quarter. One Charles Private Wealth Services LLC lifted its stake in TJX Companies by 5.0% in the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock worth $218,000 after purchasing an additional 86 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in shares of TJX Companies by 1.0% during the 4th quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer's stock worth $1,060,000 after purchasing an additional 91 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. boosted its holdings in shares of TJX Companies by 3.3% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 2,915 shares of the apparel and home fashions retailer's stock worth $352,000 after purchasing an additional 94 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.
TJX Companies Trading Up 0.0%
Shares of TJX stock traded up $0.05 on Tuesday, hitting $135.08. The stock had a trading volume of 7,047,080 shares, compared to its average volume of 5,347,948. The company's 50 day moving average price is $125.14 and its 200-day moving average price is $123.27. The TJX Companies, Inc. has a 1 year low of $97.53 and a 1 year high of $135.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm has a market capitalization of $150.90 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.75 and a beta of 0.94.
TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Analysts anticipate 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. Shareholders of record on Thursday, May 15th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.26%. 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 (DPR) is currently 39.91%.
Insiders Place Their Bets
In related news, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and increased their price target for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. Morgan Stanley cut their target price on TJX Companies from $136.00 to $133.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Robert W. Baird lifted their price target on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Barclays upped their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company raised their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $137.11.
View Our Latest Report on TJX
About TJX Companies
(
Free Report)
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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