Gotham Asset Management LLC Acquires 36,332 Shares of The TJX Companies, Inc. (NYSE:TJX)

Gotham Asset Management LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 39.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,220 shares of the apparel and home fashions retailer's stock after buying an additional 36,332 shares during the period. Gotham Asset Management LLC's holdings in TJX Companies were worth $15,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TJX. Focus Partners Wealth grew its holdings in shares of TJX Companies by 23.9% during the 4th quarter. Focus Partners Wealth now owns 622,646 shares of the apparel and home fashions retailer's stock worth $77,996,000 after purchasing an additional 120,200 shares in the last quarter. Francis Financial Inc. lifted its position in TJX Companies by 11.0% during the fourth quarter. Francis Financial Inc. now owns 2,356 shares of the apparel and home fashions retailer's stock worth $285,000 after purchasing an additional 233 shares during the period. Elefante Mark B acquired a new stake in TJX Companies during the fourth quarter worth about $3,540,000. Ellevest Inc. grew its stake in TJX Companies by 4.4% during the fourth quarter. Ellevest Inc. now owns 10,358 shares of the apparel and home fashions retailer's stock worth $1,251,000 after buying an additional 440 shares in the last quarter. Finally, Ethic Inc. increased its holdings 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. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TJX. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and increased their price target for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. BMO Capital Markets upped their price objective 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 lifted their target price on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, Barclays upped their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued 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.

TJX Companies Price Performance

Shares of NYSE TJX opened at $128.16 on Friday. The firm has a fifty day simple moving average of $123.03 and a 200 day simple moving average of $122.33. The TJX Companies, Inc. has a twelve month low of $97.53 and a twelve month high of $131.30. The company has a market capitalization of $143.17 billion, a PE ratio of 30.16, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.33%. TJX Companies's dividend payout ratio (DPR) is currently 39.91%.

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

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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