Fiduciary Trust Co Raises Stake in The TJX Companies, Inc. (NYSE:TJX)

Fiduciary Trust Co lifted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,891,186 shares of the apparel and home fashions retailer's stock after buying an additional 144,113 shares during the period. TJX Companies makes up 4.6% of Fiduciary Trust Co's holdings, making the stock its 4th largest position. Fiduciary Trust Co owned about 0.26% of TJX Companies worth $349,284,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC acquired a new position in shares of TJX Companies in the 4th quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies in the 4th quarter worth $26,000. SOA Wealth Advisors LLC. acquired a new position in shares of TJX Companies in the 4th quarter worth $30,000. Millstone Evans Group LLC acquired a new position in shares of TJX Companies in the 4th quarter worth $30,000. Finally, Promus Capital LLC acquired a new position in shares of TJX Companies in the 4th quarter worth $32,000. Institutional investors own 91.09% of the company's stock.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the business's 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 owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was a 4.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction dated 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. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TJX shares. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. Wells Fargo & Company lowered their price target on TJX Companies from $125.00 to $115.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Robert W. Baird lifted their price target on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, BMO Capital Markets lifted their price target on TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Two equities 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $136.94.

TJX Companies Stock Up 0.1%

TJX traded up $0.07 during trading on Friday, reaching $128.16. 4,131,085 shares of the stock traded hands, compared to its average volume of 5,342,396. The stock has a market cap of $143.17 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a fifty-two week low of $97.53 and a fifty-two week high of $131.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock's 50-day simple moving average is $123.03 and its two-hundred day simple moving average is $122.39.

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

TJX Companies Increases Dividend

The business also recently declared 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. 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 1.33%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's payout ratio is currently 39.91%.

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.