Guardian Capital LP lifted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 797.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,966 shares of the apparel and home fashions retailer's stock after purchasing an additional 87,044 shares during the period. Guardian Capital LP's holdings in TJX Companies were worth $11,835,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Rehmann Capital Advisory Group lifted its stake in TJX Companies by 8.3% during the fourth quarter. Rehmann Capital Advisory Group now owns 9,700 shares of the apparel and home fashions retailer's stock valued at $1,172,000 after buying an additional 742 shares in the last quarter. Bison Wealth LLC raised its holdings in shares of TJX Companies by 32.9% during the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock valued at $466,000 after acquiring an additional 955 shares during the period. Connors Investor Services Inc. lifted its position in shares of TJX Companies by 31.6% in the 4th quarter. Connors Investor Services Inc. now owns 129,172 shares of the apparel and home fashions retailer's stock valued at $15,605,000 after acquiring an additional 31,052 shares in the last quarter. Comerica Bank boosted its stake in TJX Companies by 3.1% in the 4th quarter. Comerica Bank now owns 496,582 shares of the apparel and home fashions retailer's stock worth $59,992,000 after purchasing an additional 15,084 shares during the period. Finally, Voleon Capital Management LP purchased a new position in TJX Companies during the 4th quarter worth approximately $1,827,000. 91.09% of the stock is currently owned by institutional investors.
TJX Companies Stock Performance
TJX stock traded up $1.60 during midday trading on Friday, hitting $129.23. 4,720,713 shares of the company traded hands, compared to its average volume of 5,355,836. The TJX Companies, Inc. has a twelve month low of $94.51 and a twelve month high of $131.30. The stock has a market capitalization of $144.36 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. 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 business has a 50 day simple moving average of $122.53 and a 200-day simple moving average of $121.87.
TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.
TJX Companies Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors 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 1.32%. The ex-dividend date is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's payout ratio is currently 39.91%.
Insider Buying and Selling at TJX Companies
In related news, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the firm's 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 in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on TJX shares. StockNews.com cut TJX Companies from a "buy" rating to a "hold" rating in a research report on Thursday. Barclays raised their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Wells Fargo & Company dropped their target price on TJX Companies from $125.00 to $115.00 and set an "equal weight" rating on the stock in a report on Wednesday. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. Finally, Robert W. Baird upped their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $137.06.
Check Out Our Latest Research Report on TJX Companies
TJX Companies Profile
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Free Report)
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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