Sharpepoint LLC Acquires Shares of 1,882 The TJX Companies, Inc. (NYSE:TJX)

Sharpepoint LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,882 shares of the apparel and home fashions retailer’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors have also modified their holdings of TJX. Congress Asset Management Co. lifted its holdings in shares of TJX Companies by 1.1% during the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after acquiring an additional 13,036 shares during the period. Atlas Legacy Advisors LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth about $433,000. BLB&B Advisors LLC lifted its holdings in TJX Companies by 2.8% during the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock valued at $9,795,000 after purchasing an additional 2,201 shares during the last quarter. Empowered Funds LLC boosted its position in TJX Companies by 12.1% in the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock valued at $4,130,000 after buying an additional 3,691 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new position in TJX Companies in the fourth quarter valued at about $604,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of research analyst reports. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Barclays lifted their price objective on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. BMO Capital Markets increased their target price on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, Robert W. Baird increased their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.76.

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 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 stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $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. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock opened at $127.51 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $142.44 billion, a P/E ratio of 30.00, a PEG ratio of 2.75 and a beta of 0.86. The business has a 50-day moving average of $121.84 and a 200-day moving average of $121.04. The TJX Companies, Inc. has a 1 year low of $93.32 and a 1 year high of $131.30.

TJX Companies (NYSE:TJX) last issued 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 net margin of 8.63% and a return on equity of 61.82%. On average, equities analysts anticipate 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 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 is Thursday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio (DPR) is presently 39.91%.

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.