OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases Shares of 15,000 The TJX Companies, Inc. (NYSE:TJX)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,000 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,812,000.

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

TJX Companies Trading Down 0.5%

Shares of TJX Companies stock opened at $130.81 on Wednesday. The TJX Companies, Inc. has a 1-year low of $97.53 and a 1-year high of $132.47. The company’s fifty day simple moving average is $123.40 and its 200-day simple moving average is $122.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a market capitalization of $146.13 billion, a PE ratio of 30.78, a P/E/G ratio of 2.75 and a beta of 0.94.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued 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 1.30%. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s payout ratio is currently 39.91%.

Insider Buying and Selling at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on shares of TJX Companies from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. BMO Capital Markets lifted 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. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Robert W. Baird increased their price objective on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $136.94.

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.