USS Investment Management Ltd Acquires 193,104 Shares of The TJX Companies, Inc. (NYSE:TJX)

USS Investment Management Ltd increased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 385.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,204 shares of the apparel and home fashions retailer's stock after acquiring an additional 193,104 shares during the quarter. USS Investment Management Ltd's holdings in TJX Companies were worth $29,380,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Waverly Advisors LLC increased its holdings in shares of TJX Companies by 187.7% during the 4th quarter. Waverly Advisors LLC now owns 24,428 shares of the apparel and home fashions retailer's stock worth $2,951,000 after purchasing an additional 15,937 shares during the period. Woodline Partners LP bought a new position in shares of TJX Companies during the 4th quarter worth about $8,183,000. Vident Advisory LLC increased its holdings in shares of TJX Companies by 157.1% during the 4th quarter. Vident Advisory LLC now owns 266,153 shares of the apparel and home fashions retailer's stock worth $32,154,000 after purchasing an additional 162,613 shares during the period. Vivaldi Capital Management LP bought a new position in shares of TJX Companies during the 4th quarter worth about $492,000. Finally, WBI Investments LLC increased its holdings in shares of TJX Companies by 74.2% during the 4th quarter. WBI Investments LLC now owns 7,855 shares of the apparel and home fashions retailer's stock worth $949,000 after purchasing an additional 3,345 shares during the period. Institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

TJX has been the topic of several research reports. BMO Capital Markets boosted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Barclays boosted their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Morgan Stanley decreased their target price on shares of TJX Companies from $136.00 to $133.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Wells Fargo & Company lifted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat, TJX Companies presently has an average rating of "Moderate Buy" and a consensus price target of $136.82.

TJX Companies Trading Up 1.3%

TJX opened at $135.05 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market cap of $150.86 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The firm has a 50 day simple moving average of $124.69 and a 200 day simple moving average of $123.19. The TJX Companies, Inc. has a fifty-two week low of $97.53 and a fifty-two week high of $135.62.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $16.24 billion. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given 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 annualized dividend and a dividend yield of 1.26%. TJX Companies's dividend payout ratio is currently 39.91%.

Insider Transactions at TJX Companies

In related 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 completion of the transaction, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the 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 disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

TJX Companies Company 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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