Susquehanna Fundamental Investments LLC Takes $32.24 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Susquehanna Fundamental Investments LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 266,898 shares of the apparel and home fashions retailer's stock, valued at approximately $32,244,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. boosted its holdings in TJX Companies by 4.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 64,147 shares of the apparel and home fashions retailer's stock worth $7,750,000 after purchasing an additional 2,958 shares during the period. Voya Financial Advisors Inc. lifted its stake in TJX Companies by 2.4% in the fourth quarter. Voya Financial Advisors Inc. now owns 4,974 shares of the apparel and home fashions retailer's stock valued at $602,000 after buying an additional 118 shares during the last quarter. Rothschild Capital Partners LLC bought a new stake in TJX Companies in the fourth quarter valued at $243,000. Hancock Whitney Corp lifted its stake in TJX Companies by 1.1% in the fourth quarter. Hancock Whitney Corp now owns 132,978 shares of the apparel and home fashions retailer's stock valued at $16,065,000 after buying an additional 1,414 shares during the last quarter. Finally, Burling Wealth Partners LLC bought a new stake in TJX Companies in the fourth quarter valued at $3,141,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TJX shares. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and raised their target price for the company from $128.00 to $140.00 in a research note on Thursday, April 3rd. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. Morgan Stanley raised their target price on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Wells Fargo & Company cut their price objective 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. Finally, Robert W. Baird lifted their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and an average price target of $137.06.

TJX Companies Trading Down 0.3 %

TJX traded down $0.38 during trading on Thursday, reaching $128.30. The company had a trading volume of 1,312,906 shares, compared to its average volume of 5,353,511. The firm's 50-day simple moving average is $122.28 and its 200 day simple moving average is $121.70. The company has a market cap of $143.32 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a 12-month low of $94.32 and a 12-month high of $131.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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 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 company had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently announced 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. This represents a $1.70 annualized dividend and a yield of 1.33%. 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. TJX Companies's payout ratio is 39.91%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of TJX Companies 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated Wednesday, March 5th. The shares were 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 approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

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.