The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 28.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 163,680 shares of the apparel and home fashions retailer's stock after purchasing an additional 35,991 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in TJX Companies were worth $19,774,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Investment Advisors LLC lifted its holdings in shares of TJX Companies by 81.8% in the 4th quarter. Capital Investment Advisors LLC now owns 4,853 shares of the apparel and home fashions retailer's stock worth $586,000 after acquiring an additional 2,184 shares during the last quarter. Cooper Financial Group increased its holdings in TJX Companies by 28.9% in the 4th quarter. Cooper Financial Group now owns 2,448 shares of the apparel and home fashions retailer's stock valued at $296,000 after purchasing an additional 549 shares during the last quarter. AdvisorNet Financial Inc raised its position in TJX Companies by 6.8% in the fourth quarter. AdvisorNet Financial Inc now owns 2,301 shares of the apparel and home fashions retailer's stock valued at $278,000 after purchasing an additional 146 shares during the period. Signal Advisors Wealth LLC lifted its stake in TJX Companies by 17.1% during the fourth quarter. Signal Advisors Wealth LLC now owns 4,911 shares of the apparel and home fashions retailer's stock worth $593,000 after purchasing an additional 716 shares in the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. acquired a new position in TJX Companies during the fourth quarter worth $202,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TJX. Wells Fargo & Company lifted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Wednesday. Morgan Stanley dropped their target price on TJX Companies from $136.00 to $133.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday. Barclays raised their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating and upped their target price for the stock from $128.00 to $140.00 in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and an average price target of $137.25.

Insider Activity

In other 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 the business's 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 completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Up 0.3%

TJX Companies stock opened at $131.21 on Thursday. The stock has a market cap of $146.57 billion, a PE ratio of 30.87, 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 current ratio of 1.19 and a quick ratio of 0.50. The stock's fifty day moving average is $123.64 and its two-hundred day moving average is $122.63. The TJX Companies, Inc. has a 1-year low of $97.53 and a 1-year high of $132.47.

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 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The business 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, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's payout ratio is currently 39.91%.

TJX Companies Company 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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