Investment Management Corp VA ADV Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Investment Management Corp VA ADV bought a new position in The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, Holdings Channel reports. The institutional investor bought 3,428 shares of the apparel and home fashions retailer’s stock, valued at approximately $414,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 578,948 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of TJX Companies by 1.9% in the fourth 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 purchasing an additional 464,995 shares during the last quarter. Capital International Investors raised its stake in shares of TJX Companies by 4.5% in the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer’s stock worth $1,769,600,000 after purchasing an additional 626,739 shares during the last quarter. Northern Trust Corp raised its stake in shares of TJX Companies by 15.2% in the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of TJX Companies in the fourth quarter worth $1,670,565,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

Shares of TJX opened at $129.47 on Friday. 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 business has a 50-day simple moving average of $125.79 and a two-hundred day simple moving average of $123.44. The stock has a market cap of $144.63 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 52 week low of $99.22 and a 52 week high of $135.85.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analysts’ expectations of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 earnings per share. On average, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently announced 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 of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.31%. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio (DPR) is currently 39.91%.

Insider Buying and Selling

In related news, Director Alan M. Bennett sold 8,000 shares of the 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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated 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 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 currently owned by company insiders.

Analysts Set New Price Targets

TJX has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on TJX Companies from $127.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research note on Wednesday. BMO Capital Markets restated an “outperform” rating on shares of TJX Companies in a research note on Wednesday. Robert W. Baird boosted their price target on TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Morgan Stanley set a $140.00 price objective on TJX Companies and gave the company an “overweight” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $139.50.

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.