Mufg Securities Americas Inc. Takes $2.01 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Mufg Securities Americas Inc. purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,649 shares of the apparel and home fashions retailer's stock, valued at approximately $2,011,000.

Other hedge funds have also modified their holdings of the company. Ethic Inc. lifted its position in shares of TJX Companies by 21.1% during the fourth 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 last quarter. Fiduciary Trust Co lifted its position in shares of TJX Companies by 5.2% during the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after buying an additional 144,113 shares during the last quarter. Congress Asset Management Co. raised its position in shares of TJX Companies by 1.1% in the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock valued at $148,456,000 after purchasing an additional 13,036 shares during the last quarter. Atlas Legacy Advisors LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at approximately $433,000. Finally, BLB&B Advisors LLC raised its position in shares of TJX Companies by 2.8% in the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock valued at $9,795,000 after purchasing an additional 2,201 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on 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 sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was a 4.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on 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 owned by corporate insiders.

TJX Companies Stock Performance

Shares of NYSE TJX traded up $0.33 during midday trading on Friday, reaching $133.37. 4,871,785 shares of the stock were exchanged, compared to its average volume of 5,353,315. The firm has a market cap of $148.98 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a twelve month low of $97.53 and a twelve month high of $133.90. The firm has a 50-day simple moving average of $124.30 and a two-hundred day simple moving average of $122.89. 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 issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, 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 declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a $0.425 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a yield of 1.27%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio (DPR) is currently 39.91%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Barclays increased their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Robert W. Baird increased their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating and increased their price objective for the company from $128.00 to $140.00 in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.25.

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.