The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Waverly Advisors LLC

Waverly Advisors LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 187.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,428 shares of the apparel and home fashions retailer's stock after buying an additional 15,937 shares during the period. Waverly Advisors LLC's holdings in TJX Companies were worth $2,951,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Norges Bank acquired a new position in TJX Companies during the fourth quarter worth $1,670,565,000. Raymond James Financial Inc. acquired a new position in TJX Companies during the fourth quarter worth $570,342,000. Capital Research Global Investors boosted its stake in TJX Companies by 689.6% during the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after buying an additional 2,266,415 shares during the last quarter. Northern Trust Corp boosted its stake in TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after buying an additional 1,845,225 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in TJX Companies by 12.9% during the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after buying an additional 1,403,561 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $130.97 on Thursday. The stock's 50-day moving average is $125.49 and its two-hundred day moving average is $123.32. 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 company has a market cap of $146.31 billion, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 1-year low of $99.22 and a 1-year high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business 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 dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This is an increase 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 1.30%. TJX Companies's payout ratio is currently 39.91%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TJX. Robert W. Baird upped their price target on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. TD Securities upped their price target on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research note on Wednesday. Morgan Stanley decreased their price target on TJX Companies from $136.00 to $133.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. upped their price target on TJX Companies from $127.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $137.11.

Insider Transactions at TJX Companies

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 stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the company'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 value of $988,240.00. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

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.

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