The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 93.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,619 shares of the apparel and home fashions retailer's stock after purchasing an additional 51,550 shares during the period. TJX Companies accounts for about 1.1% of Pinnbrook Capital Management LP's holdings, making the stock its 20th biggest holding. Pinnbrook Capital Management LP's holdings in TJX Companies were worth $10,002,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Moneta Group Investment Advisors LLC increased its position in TJX Companies by 90,089.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,788,543 shares of the apparel and home fashions retailer's stock worth $1,575,168,000 after purchasing an additional 19,766,602 shares during the last quarter. Norges Bank purchased a new position in TJX Companies during the fourth quarter worth about $1,193,438,000. Morgan Stanley boosted its stake in TJX Companies by 88.1% during the fourth quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer's stock worth $2,118,935,000 after buying an additional 12,468,119 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in TJX Companies during the first quarter worth about $408,331,000. Finally, FMR LLC boosted its stake in TJX Companies by 13.1% during the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer's stock worth $4,622,514,000 after buying an additional 6,036,764 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the sale, the chief executive officer now owns 515,801 shares of the company's stock, valued at $51,053,982.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the business's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the business's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the sale, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Down 0.6 %

TJX Companies stock traded down $0.58 during trading on Monday, reaching $96.23. The stock had a trading volume of 4,829,449 shares, compared to its average volume of 5,048,892. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $102.84. The business has a 50 day moving average price of $98.10 and a 200 day moving average price of $93.28. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The stock has a market cap of $109.03 billion, a PE ratio of 24.93, a P/E/G ratio of 2.49 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The firm's quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts predict that The TJX Companies, Inc. will post 4.06 EPS for the current year.

TJX Companies announced that its board has approved a stock repurchase program on Wednesday, February 28th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.56%. This is a boost from TJX Companies's previous quarterly dividend of $0.33. TJX Companies's dividend payout ratio (DPR) is presently 38.86%.

Analyst Ratings Changes

Several brokerages have weighed in on TJX. BMO Capital Markets increased their target price on shares of TJX Companies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, February 29th. Redburn Atlantic lowered shares of TJX Companies from a "buy" rating to a "neutral" rating and set a $100.00 target price for the company. in a research note on Monday, February 5th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $105.00 target price on shares of TJX Companies in a research note on Wednesday, February 28th. Finally, UBS Group raised their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the company a "neutral" rating in a research note on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and an average target price of $102.19.

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.

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