Jefferies Financial Group Inc. Has $2.79 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Jefferies Financial Group Inc. grew its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 289.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,105 shares of the apparel and home fashions retailer's stock after purchasing an additional 17,175 shares during the quarter. Jefferies Financial Group Inc.'s holdings in TJX Companies were worth $2,791,000 as of its most recent SEC filing.

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

TJX Companies Price Performance

TJX stock traded down $0.28 during midday trading on Friday, reaching $126.79. 9,364,769 shares of the company's stock traded hands, compared to its average volume of 5,356,579. The company has a 50-day simple moving average of $126.74 and a two-hundred day simple moving average of $123.79. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market cap of $141.64 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 1-year low of $101.80 and a 1-year high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating 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 business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter last year, the business posted $0.93 earnings per share. TJX Companies's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This is a boost from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.34%. TJX Companies's payout ratio is presently 40.00%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the business'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 in the company, valued at approximately $59,569,772.67. The trade was a 4.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TJX. JPMorgan Chase & Co. lifted their target price on TJX Companies from $127.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Cowen restated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Loop Capital set a $150.00 target price on TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, TD Securities lifted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.65.

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.