WBI Investments LLC Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

WBI Investments LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 74.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,855 shares of the apparel and home fashions retailer's stock after acquiring an additional 3,345 shares during the period. WBI Investments LLC's holdings in TJX Companies were worth $949,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in TJX Companies during the 4th quarter valued at approximately $25,000. SOA Wealth Advisors LLC. purchased a new stake in TJX Companies during the 4th quarter valued at approximately $30,000. Millstone Evans Group LLC purchased a new stake in TJX Companies during the 4th quarter valued at approximately $30,000. Promus Capital LLC purchased a new stake in TJX Companies during the 4th quarter valued at approximately $32,000. Finally, Tacita Capital Inc purchased a new stake in TJX Companies during the 4th quarter valued at approximately $38,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on 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 approximately $59,569,772.67. This represents a 4.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction on 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. 0.13% of the stock is owned by insiders.

TJX Companies Stock Performance

TJX opened at $135.05 on Tuesday. The stock 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 company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock's 50 day simple moving average is $124.69 and its 200 day simple moving average is $123.19. The TJX Companies, Inc. has a 1-year low of $97.53 and a 1-year high of $135.56.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is 39.91%.

Analysts Set New Price Targets

TJX has been the topic of several recent analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Robert W. Baird boosted their target price on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Citigroup upgraded 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 research report on Thursday, April 3rd. Wells Fargo & Company boosted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Finally, StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.82.

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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