Parvin Asset Management LLC Purchases Shares of 3,175 The TJX Companies, Inc. (NYSE:TJX)

Parvin Asset Management LLC acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,175 shares of the apparel and home fashions retailer's stock, valued at approximately $384,000.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TJX shares. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. Barclays upped their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. StockNews.com cut shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, Morgan Stanley increased their price target on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.06.

TJX Companies Trading Up 1.3 %

Shares of NYSE:TJX traded up $1.60 during trading on Friday, hitting $129.23. 4,720,713 shares of the company's stock were exchanged, compared to its average volume of 5,355,836. 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 firm has a market cap of $144.36 billion, a P/E ratio of 30.41, a PEG ratio of 2.75 and a beta of 0.86. The firm has a 50-day moving average price of $122.53 and a two-hundred day moving average price of $121.87. The TJX Companies, Inc. has a 1-year low of $94.51 and a 1-year high of $131.30.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results 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 firm had revenue of $16.35 billion during 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%. Equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The company 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 $0.425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is currently 39.91%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of the firm's 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 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 legal filing with the SEC, which is available at this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value 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 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.