ProShare Advisors LLC Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

ProShare Advisors LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 182,619 shares of the apparel and home fashions retailer's stock after purchasing an additional 20,260 shares during the period. ProShare Advisors LLC's holdings in TJX Companies were worth $22,062,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Bogart Wealth LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies during the fourth quarter valued at approximately $26,000. SOA Wealth Advisors LLC. purchased a new stake in TJX Companies during the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC purchased a new stake in TJX Companies during the fourth quarter valued at approximately $30,000. Finally, Promus Capital LLC purchased a new stake in TJX Companies during the fourth quarter valued at approximately $32,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the 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 completion of the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of the 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 disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $133.37 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm has a fifty day moving average price of $124.30 and a 200 day moving average price of $122.89. The TJX Companies, Inc. has a fifty-two week low of $97.53 and a fifty-two week high of $133.90. The firm has a market cap of $148.98 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 2.75 and a beta of 0.94.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently announced 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 is a positive change from TJX Companies's previous quarterly dividend of $0.38. 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 1.27%. TJX Companies's dividend payout ratio is currently 39.91%.

Analyst Ratings Changes

A number of brokerages have commented on TJX. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating and upped their target price for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. Morgan Stanley reduced their target price on shares of TJX Companies from $136.00 to $133.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Wells Fargo & Company upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Wednesday. Finally, BMO Capital Markets upped their target price on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.25.

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.

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