47,805 Shares in The TJX Companies, Inc. (NYSE:TJX) Purchased by Raiffeisen Bank International AG

Raiffeisen Bank International AG purchased a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 47,805 shares of the apparel and home fashions retailer's stock, valued at approximately $5,789,000.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of TJX Companies during the 4th quarter worth approximately $1,670,565,000. Raymond James Financial Inc. purchased a new stake in shares of TJX Companies during the 4th quarter worth approximately $570,342,000. Capital Research Global Investors raised its holdings in shares of TJX Companies by 689.6% during the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after acquiring an additional 2,266,415 shares in the last quarter. Northern Trust Corp raised its holdings in shares of TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after acquiring an additional 1,845,225 shares in the last quarter. Finally, DJE Kapital AG purchased a new stake in shares of TJX Companies during the 4th quarter worth approximately $140,068,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction dated 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TJX. Morgan Stanley decreased their price objective on TJX Companies from $136.00 to $133.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. Wells Fargo & Company upped their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Barclays upped their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their price objective on TJX Companies from $127.00 to $130.00 and gave the stock an "overweight" rating in a report on Monday. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $136.82.

TJX Companies Trading Up 1.3%

TJX Companies stock traded up $1.71 during mid-day trading on Monday, hitting $135.05. The company's stock had a trading volume of 5,102,110 shares, compared to its average volume of 5,347,920. The company has a 50 day moving average of $124.30 and a 200-day moving average of $123.03. The stock has a market cap of $150.86 billion, a PE ratio of 31.78, a P/E/G ratio of 2.75 and a beta of 0.94. 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 TJX Companies, Inc. has a one year low of $97.53 and a one year high of $135.82.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio 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.