APG Asset Management N.V. Purchases 901,767 Shares of The TJX Companies, Inc. (NYSE:TJX)

APG Asset Management N.V. boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 252.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,259,360 shares of the apparel and home fashions retailer’s stock after purchasing an additional 901,767 shares during the quarter. APG Asset Management N.V.’s holdings in TJX Companies were worth $146,927,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TJX. Vanguard Group Inc. increased its position in shares of TJX Companies by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock worth $11,998,201,000 after purchasing an additional 578,948 shares during the last quarter. Geode Capital Management LLC grew its stake in TJX Companies by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock worth $2,930,965,000 after buying an additional 464,995 shares in the last quarter. Norges Bank bought a new position in shares of TJX Companies in the 4th quarter worth $1,670,565,000. Invesco Ltd. raised its position in shares of TJX Companies by 4.3% during the 4th quarter. Invesco Ltd. now owns 8,753,021 shares of the apparel and home fashions retailer’s stock valued at $1,057,452,000 after buying an additional 363,879 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of TJX Companies by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock worth $837,951,000 after acquiring an additional 657,529 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on TJX. Telsey Advisory Group restated an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. BMO Capital Markets raised their price objective on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Robert W. Baird upped their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Finally, Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $128.00 to $140.00 in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $135.76.

TJX Companies Trading Down 2.5 %

TJX opened at $119.06 on Tuesday. 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 TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.33. The stock has a market cap of $133.00 billion, a PE ratio of 28.01, a PEG ratio of 2.75 and a beta of 0.86. The business has a 50 day moving average of $121.57 and a 200-day moving average of $120.41.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (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 business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.43%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s payout ratio is presently 39.91%.

Insider Buying and Selling at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.