The TJX Companies, Inc. (NYSE:TJX) Position Lifted by Unisphere Establishment

Unisphere Establishment raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,422,500 shares of the apparel and home fashions retailer's stock after purchasing an additional 168,500 shares during the quarter. TJX Companies accounts for 1.5% of Unisphere Establishment's investment portfolio, making the stock its 19th biggest holding. Unisphere Establishment owned about 0.13% of TJX Companies worth $171,852,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of TJX. Parvin Asset Management LLC acquired a new position in TJX Companies during the fourth quarter worth $384,000. Guardian Capital LP increased its position in shares of TJX Companies by 797.0% in the fourth quarter. Guardian Capital LP now owns 97,966 shares of the apparel and home fashions retailer's stock valued at $11,835,000 after buying an additional 87,044 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of TJX Companies by 8.3% during the 4th quarter. Rehmann Capital Advisory Group now owns 9,700 shares of the apparel and home fashions retailer's stock worth $1,172,000 after buying an additional 742 shares during the last quarter. Bison Wealth LLC boosted its position in shares of TJX Companies by 32.9% in the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock worth $466,000 after buying an additional 955 shares in the last quarter. Finally, Connors Investor Services Inc. grew its stake in TJX Companies by 31.6% in the 4th quarter. Connors Investor Services Inc. now owns 129,172 shares of the apparel and home fashions retailer's stock valued at $15,605,000 after acquiring an additional 31,052 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Insiders Place Their Bets

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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the 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 transaction, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TJX shares. UBS Group lifted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Wells Fargo & Company cut their price objective on TJX Companies from $125.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. Finally, Robert W. Baird increased their price objective on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $137.06.

TJX Companies Trading Up 1.3 %

Shares of TJX stock traded up $1.60 on Friday, reaching $129.23. 4,720,713 shares of the stock were exchanged, compared to its average volume of 5,355,836. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market cap of $144.36 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The firm has a 50 day moving average of $122.53 and a two-hundred day moving average of $121.87. The TJX Companies, Inc. has a 1-year low of $94.51 and a 1-year high of $131.30.

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, topping analysts' consensus estimates 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 the consensus estimate of $16.24 billion. On average, research analysts anticipate 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. Investors of record on Thursday, May 15th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.32%. TJX Companies's payout ratio is 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.