Capital Research Global Investors Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Capital Research Global Investors increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 689.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,595,085 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,266,415 shares during the period. Capital Research Global Investors owned approximately 0.23% of TJX Companies worth $313,512,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in TJX. Bogart Wealth LLC bought a new position in shares of TJX Companies during the fourth quarter valued at about $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the 4th quarter worth approximately $26,000. SOA Wealth Advisors LLC. bought a new stake in TJX Companies in the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies during the fourth quarter valued at approximately $30,000. Finally, Promus Capital LLC bought a new position in shares of TJX Companies in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. UBS Group upped their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Wells Fargo & Company lifted their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Finally, BMO Capital Markets raised their price target on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $135.76.

TJX Companies Trading Up 0.9 %

TJX Companies stock opened at $127.51 on Friday. The TJX Companies, Inc. has a 12 month low of $93.32 and a 12 month high of $131.30. The company has a market capitalization of $142.44 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The business’s fifty day simple moving average is $121.84 and its two-hundred day simple moving average is $121.04. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results 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. The company had revenue of $16.35 billion for 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%. As a group, equities 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 given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.33%. TJX Companies’s dividend payout ratio is 39.91%.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction that occurred on 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 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. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Company 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.