FORA Capital LLC Grows Position in The TJX Companies, Inc. (NYSE:TJX)

FORA Capital LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 145.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,214 shares of the apparel and home fashions retailer's stock after buying an additional 25,618 shares during the quarter. FORA Capital LLC's holdings in TJX Companies were worth $5,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Bogart Wealth LLC bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $26,000. SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $30,000. Millstone Evans Group LLC bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $30,000. Finally, Promus Capital LLC bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $32,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of analyst reports. BMO Capital Markets raised their price target on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Robert W. Baird raised their price target 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 raised their price target for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. Wells Fargo & Company lowered their price target on TJX Companies from $125.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Finally, StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $136.94.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction dated 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. Insiders own 0.13% of the company's stock.

TJX Companies Stock Down 0.4%

Shares of TJX Companies stock traded down $0.54 during trading on Tuesday, hitting $130.95. 2,650,762 shares of the stock traded hands, compared to its average volume of 5,330,029. The firm has a market cap of $146.28 billion, a P/E ratio of 30.81, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. 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 TJX Companies, Inc. has a 52-week low of $97.53 and a 52-week high of $132.42. The stock's fifty day simple moving average is $123.19 and its 200 day simple moving average is $122.51.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly 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. The firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.30%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio is presently 39.91%.

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.