Mackenzie Financial Corp Buys 71,037 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mackenzie Financial Corp lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,897,673 shares of the apparel and home fashions retailer's stock after buying an additional 71,037 shares during the quarter. Mackenzie Financial Corp owned approximately 0.17% of TJX Companies worth $229,258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Forum Financial Management LP grew its position in shares of TJX Companies by 5.4% during the fourth quarter. Forum Financial Management LP now owns 7,811 shares of the apparel and home fashions retailer's stock worth $944,000 after buying an additional 400 shares in the last quarter. Parr Mcknight Wealth Management Group LLC bought a new position in TJX Companies during the 4th quarter worth approximately $4,381,000. Pacific Point Advisors LLC bought a new position in TJX Companies during the 4th quarter worth approximately $216,000. Hudson Value Partners LLC lifted its holdings in TJX Companies by 13.1% during the 4th quarter. Hudson Value Partners LLC now owns 2,432 shares of the apparel and home fashions retailer's stock worth $294,000 after buying an additional 282 shares during the last quarter. Finally, Investment Management Corp VA ADV bought a new position in TJX Companies during the 4th quarter worth approximately $414,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Activity

In other news, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of the 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 of the company's stock, valued at approximately $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. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Loop Capital set a $150.00 target price on TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. Cowen reissued a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Finally, Barclays reaffirmed an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. One investment 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.com, TJX Companies has an average rating of "Moderate Buy" and a consensus price target of $140.65.

TJX Companies Trading Up 1.7%

Shares of TJX Companies stock traded up $2.15 on Tuesday, reaching $127.85. 7,081,081 shares of the company were exchanged, compared to its average volume of 5,339,047. The TJX Companies, Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $135.85. The firm has a market capitalization of $142.82 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $126.16 and a 200-day moving average price of $123.68.

TJX Companies (NYSE:TJX - Get Free Report) last released 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 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 analyst estimates of $13.01 billion. During the same quarter last year, the company posted $0.93 EPS. TJX Companies's revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.33%. TJX Companies's payout ratio is currently 40.00%.

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.