The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Freedom Investment Management Inc.

Freedom Investment Management Inc. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.0% during the fourth quarter, Holdings Channel reports. The fund owned 5,208 shares of the apparel and home fashions retailer’s stock after purchasing an additional 250 shares during the quarter. Freedom Investment Management Inc.’s holdings in TJX Companies were worth $629,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Howard Capital Management Group LLC raised its holdings in TJX Companies by 42.9% in the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after acquiring an additional 69,489 shares in the last quarter. Morse Asset Management Inc grew its stake in TJX Companies by 10.6% in the third quarter. Morse Asset Management Inc now owns 3,015 shares of the apparel and home fashions retailer’s stock worth $354,000 after purchasing an additional 290 shares in the last quarter. Wealthquest Corp acquired a new stake in TJX Companies during the third quarter valued at approximately $238,000. World Investment Advisors LLC lifted its holdings in TJX Companies by 691.6% during the 3rd quarter. World Investment Advisors LLC now owns 71,837 shares of the apparel and home fashions retailer’s stock worth $8,444,000 after buying an additional 62,762 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of TJX Companies by 28.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 238,649 shares of the apparel and home fashions retailer’s stock valued at $28,051,000 after acquiring an additional 53,264 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX opened at $127.51 on Friday. The TJX Companies, Inc. has a 52-week low of $93.32 and a 52-week high of $131.30. 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 firm has a market cap 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’s 50-day moving average price is $121.84 and its 200 day moving average price is $121.04.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently announced 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. 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 dividend on an annualized basis and a dividend yield of 1.33%. TJX Companies’s payout ratio is 39.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. BMO Capital Markets raised their target price on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Finally, UBS Group boosted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $135.76.

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were 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. 0.13% of the stock is currently owned by company insiders.

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.