The TJX Companies, Inc. (NYSE:TJX) Stock Position Raised by Focus Partners Wealth

Focus Partners Wealth grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 622,646 shares of the apparel and home fashions retailer's stock after purchasing an additional 120,200 shares during the quarter. Focus Partners Wealth owned approximately 0.06% of TJX Companies worth $77,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Francis Financial Inc. increased its holdings in shares of TJX Companies by 11.0% in the 4th quarter. Francis Financial Inc. now owns 2,356 shares of the apparel and home fashions retailer's stock valued at $285,000 after acquiring an additional 233 shares during the period. Elefante Mark B purchased a new position in TJX Companies in the 4th quarter valued at $3,540,000. Ellevest Inc. increased its stake in TJX Companies by 4.4% in the 4th quarter. Ellevest Inc. now owns 10,358 shares of the apparel and home fashions retailer's stock valued at $1,251,000 after buying an additional 440 shares during the period. Ethic Inc. increased its stake in TJX Companies by 21.1% in the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after buying an additional 29,158 shares during the period. Finally, First Manhattan CO. LLC. lifted its stake in shares of TJX Companies by 3.6% in the 4th quarter. First Manhattan CO. LLC. now owns 18,241 shares of the apparel and home fashions retailer's stock worth $2,204,000 after acquiring an additional 629 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 0.5%

TJX Companies stock traded down $0.68 during trading on Tuesday, reaching $130.81. 5,471,782 shares of the company's stock were exchanged, compared to its average volume of 5,345,569. The TJX Companies, Inc. has a 52-week low of $97.53 and a 52-week high of $132.42. The firm has a market cap of $146.13 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 2.75 and a beta of 0.94. 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 company's 50-day moving average is $123.19 and its two-hundred day moving average is $122.51.

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 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 the consensus estimate of $16.24 billion. On average, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid 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 is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.30%. TJX Companies's payout ratio is 39.91%.

Insiders Place Their Bets

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company's 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 SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 completion of the sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This trade represents a 4.62% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating and upped their price target for the stock from $128.00 to $140.00 in a research note on Thursday, April 3rd. Barclays upped their target price on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Monday. Finally, Wells Fargo & Company reduced their price objective on TJX Companies from $125.00 to $115.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $136.94.

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.