Schonfeld Strategic Advisors LLC Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Schonfeld Strategic Advisors LLC grew its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 175.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 163,465 shares of the apparel and home fashions retailer's stock after buying an additional 104,227 shares during the period. Schonfeld Strategic Advisors LLC's holdings in TJX Companies were worth $19,748,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in TJX Companies in the fourth quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC bought 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 position in shares of TJX Companies during the 4th quarter worth $30,000. Finally, Promus Capital LLC purchased a new position in TJX Companies during the fourth quarter valued at $32,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Trading Up 1.3 %

TJX stock traded up $1.60 during mid-day trading on Friday, reaching $129.23. 4,720,713 shares of the stock traded hands, compared to its average volume of 5,355,834. The TJX Companies, Inc. has a one year low of $94.51 and a one year high of $131.30. The stock has a market capitalization of $144.36 billion, a PE ratio of 30.41, a PEG ratio of 2.75 and a beta of 0.86. 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 business has a 50-day moving average price of $122.53 and a two-hundred day moving average price of $121.87.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. Equities research analysts expect 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. Investors of record on Thursday, May 15th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's payout ratio is presently 39.91%.

Insider Buying and Selling at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on 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 transaction, 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 disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of TJX Companies from $125.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. StockNews.com lowered TJX Companies from a "buy" rating to a "hold" rating in a research note on Thursday. UBS Group lifted their target price on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Finally, Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating and increased their price objective for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $137.06.

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.