Vivaldi Capital Management LP Takes $492,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Vivaldi Capital Management LP acquired a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,941 shares of the apparel and home fashions retailer's stock, valued at approximately $492,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. WBI Investments LLC increased its position in shares of TJX Companies by 74.2% in the fourth quarter. WBI Investments LLC now owns 7,855 shares of the apparel and home fashions retailer's stock valued at $949,000 after buying an additional 3,345 shares in the last quarter. Twinbeech Capital LP boosted its stake in shares of TJX Companies by 25,517.1% in the fourth quarter. Twinbeech Capital LP now owns 637,354 shares of the apparel and home fashions retailer's stock worth $76,999,000 after acquiring an additional 634,866 shares during the last quarter. Texas Bank & Trust Co acquired a new stake in shares of TJX Companies in the fourth quarter worth approximately $812,000. Tidal Investments LLC boosted its stake in shares of TJX Companies by 31.3% in the fourth quarter. Tidal Investments LLC now owns 83,240 shares of the apparel and home fashions retailer's stock worth $10,056,000 after acquiring an additional 19,837 shares during the last quarter. Finally, State of Wyoming boosted its stake in shares of TJX Companies by 128.5% in the fourth quarter. State of Wyoming now owns 5,230 shares of the apparel and home fashions retailer's stock worth $632,000 after acquiring an additional 2,941 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TJX has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $128.00 to $140.00 in a research note on Thursday, April 3rd. BMO Capital Markets lifted their price target on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, Morgan Stanley lowered their price objective on TJX Companies from $136.00 to $133.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, TJX Companies has an average rating of "Moderate Buy" and an average price target of $136.82.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

TJX Companies Price Performance

NYSE:TJX opened at $135.05 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market capitalization 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 TJX Companies, Inc. has a 52 week low of $97.53 and a 52 week high of $135.56. The stock's fifty day moving average is $124.69 and its two-hundred day moving average is $123.19.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's payout ratio is currently 39.91%.

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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