The TJX Companies, Inc. (NYSE:TJX) Stake Lifted by Vise Technologies Inc.

Vise Technologies Inc. grew its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 49.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,721 shares of the apparel and home fashions retailer's stock after acquiring an additional 9,113 shares during the quarter. Vise Technologies Inc.'s holdings in TJX Companies were worth $3,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TJX. Bogart Wealth LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at $25,000. SOA Wealth Advisors LLC. purchased a new stake in shares of TJX Companies in the fourth quarter valued at $30,000. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at $30,000. Promus Capital LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at $32,000. Finally, Tacita Capital Inc purchased a new stake in shares of TJX Companies in the fourth quarter valued at $38,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TJX has been the topic of several recent research reports. UBS Group restated a "buy" rating and issued a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, TJX Companies presently has an average rating of "Moderate Buy" and an average price target of $140.65.

TJX Companies Stock Down 0.6%

NYSE TJX traded down $0.74 during mid-day trading on Wednesday, reaching $127.22. 1,302,495 shares of the company's stock traded hands, compared to its average volume of 5,323,305. The TJX Companies, Inc. has a 1-year low of $101.01 and a 1-year high of $135.85. The company has a fifty day simple moving average of $126.39 and a 200-day simple moving average of $123.71. 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 company has a market cap of $142.12 billion, a price-to-earnings ratio of 29.92, a P/E/G ratio of 2.75 and a beta of 0.94.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter last year, the firm earned $0.93 EPS. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio (DPR) is 40.00%.

Insider Transactions at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. The trade was a 4.62% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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.