UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,187,824 shares of the apparel and home fashions retailer's stock after acquiring an additional 1,005,260 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.91% of TJX Companies worth $1,230,791,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies in the fourth quarter worth $25,000. SOA Wealth Advisors LLC. purchased a new position in TJX Companies during the fourth quarter valued at $30,000. Millstone Evans Group LLC purchased a new position in shares of TJX Companies in the 4th quarter worth about $30,000. Promus Capital LLC bought a new position in TJX Companies in the 4th quarter valued at approximately $32,000. Finally, Tacita Capital Inc bought a new stake in TJX Companies in the 4th quarter worth about $38,000. 91.09% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on TJX. Wells Fargo & Company increased their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating and increased their target price for the company from $128.00 to $140.00 in a research note on Thursday, April 3rd. Robert W. Baird boosted their price objective on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $127.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and an average target price of $136.82.
Check Out Our Latest Research Report on TJX Companies
TJX Companies Price Performance
Shares of TJX opened at $135.05 on Tuesday. The firm's 50 day moving average price is $124.69 and its 200 day moving average price is $123.19. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a twelve month low of $97.53 and a twelve month high of $135.62. The firm has a market cap of $150.86 billion, a PE ratio of 31.78, a PEG ratio of 2.75 and a beta of 0.94.
TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.
TJX Companies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.26%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio (DPR) is 39.91%.
Insider Activity
In related news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred 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 filing with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of the company's 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 completion of the sale, 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 disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.
About TJX Companies
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Free Report)
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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