Pathstone Holdings LLC Purchases 67,853 Shares of The TJX Companies, Inc. (NYSE:TJX)

Pathstone Holdings LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 736,616 shares of the apparel and home fashions retailer's stock after purchasing an additional 67,853 shares during the period. Pathstone Holdings LLC owned 0.07% of TJX Companies worth $88,992,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TJX. Mufg Securities Americas Inc. acquired a new position in shares of TJX Companies in the fourth quarter valued at about $2,011,000. Nissay Asset Management Corp Japan ADV grew its stake in shares of TJX Companies by 1.7% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 181,576 shares of the apparel and home fashions retailer's stock valued at $22,505,000 after acquiring an additional 3,068 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. acquired a new position in shares of TJX Companies in the fourth quarter valued at about $12,938,000. Nearwater Capital Markets Ltd acquired a new stake in TJX Companies during the fourth quarter worth about $32,015,000. Finally, NorthRock Partners LLC grew its stake in TJX Companies by 190.1% during the fourth quarter. NorthRock Partners LLC now owns 10,368 shares of the apparel and home fashions retailer's stock worth $1,253,000 after buying an additional 6,794 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62% decrease in their position. The transaction was disclosed in a document filed 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 on Thursday, February 27th. The stock was 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. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

TJX has been the topic of a number of analyst reports. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $127.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday. Morgan Stanley reduced their price objective on shares of TJX Companies from $136.00 to $133.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $128.00 to $140.00 in a research note on Thursday, April 3rd. Finally, Barclays increased 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. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, TJX Companies presently has an average rating of "Moderate Buy" and an average target price of $136.82.

TJX Companies Stock Up 1.3%

NYSE:TJX traded up $1.75 during trading hours on Monday, hitting $135.09. 2,197,099 shares of the company traded hands, compared to its average volume of 5,337,000. 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 firm's 50-day simple moving average is $124.30 and its 200-day simple moving average is $123.03. The TJX Companies, Inc. has a one year low of $97.53 and a one year high of $135.20. The company has a market cap of $150.91 billion, a PE ratio of 31.80, a PEG ratio of 2.75 and a beta of 0.94.

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 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. Equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.26%. TJX Companies's dividend payout ratio (DPR) is 39.91%.

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.