The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,897,673 shares of the apparel and home fashions retailer's stock after purchasing an additional 71,037 shares during the period. Mackenzie Financial Corp owned about 0.17% of TJX Companies worth $229,258,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Bogart Wealth LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $25,000. SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. Millstone Evans Group LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. Promus Capital LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $32,000. Finally, Tacita Capital Inc bought a new position in shares of TJX Companies during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on TJX. Robert W. Baird boosted their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, TD Securities upped their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $140.65.

TJX Companies Stock Performance

NYSE TJX traded up $0.55 during mid-day trading on Thursday, reaching $126.77. 3,038,450 shares of the stock were exchanged, compared to its average volume of 5,430,554. The business's 50 day moving average is $126.59 and its 200-day moving average is $123.73. The TJX Companies, Inc. has a 1 year low of $101.01 and a 1 year high of $135.85. The company has a market capitalization of $141.62 billion, a P/E ratio of 29.83, a P/E/G ratio of 2.75 and a beta of 0.94. 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, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research 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. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.34%. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

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.