Tidal Investments LLC Has $10.06 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Tidal Investments LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,240 shares of the apparel and home fashions retailer's stock after buying an additional 19,837 shares during the quarter. Tidal Investments LLC's holdings in TJX Companies were worth $10,056,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TJX. Bogart Wealth LLC bought a new stake in shares of TJX Companies in the fourth quarter worth $25,000. SOA Wealth Advisors LLC. acquired a new stake in TJX Companies in the 4th quarter valued at $30,000. Millstone Evans Group LLC bought a new stake in TJX Companies during the 4th quarter worth about $30,000. Promus Capital LLC acquired a new position in shares of TJX Companies during the 4th quarter worth about $32,000. Finally, Tacita Capital Inc bought a new position in shares of TJX Companies in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Analysts Set New Price Targets

TJX has been the topic of several analyst reports. BMO Capital Markets upped their target price on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their price objective on TJX Companies from $127.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday. Barclays raised their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. Finally, Robert W. Baird increased their price target on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.82.

TJX Companies Price Performance

NYSE:TJX opened at $135.05 on Tuesday. The TJX Companies, Inc. has a one year low of $97.53 and a one year high of $135.56. The company has a market cap of $150.86 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.75 and a beta of 0.94. The firm's fifty day moving average price is $124.69 and its two-hundred day moving average price is $123.19. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. Equities analysts expect 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. Investors of record on Thursday, May 15th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.26%. TJX Companies's dividend payout ratio is 39.91%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, 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 legal filing with the SEC, which is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction dated 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. 0.13% of the stock is currently owned by corporate insiders.

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.

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