TD Waterhouse Canada Inc. Buys 14,508 Shares of The TJX Companies, Inc. (NYSE:TJX)

TD Waterhouse Canada Inc. increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 294,870 shares of the apparel and home fashions retailer’s stock after purchasing an additional 14,508 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in TJX Companies were worth $35,617,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Bogart Wealth LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $26,000. SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies during the 4th quarter worth about $30,000. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies during the 4th quarter valued at about $30,000. Finally, Promus Capital LLC bought a new stake in TJX Companies in the fourth quarter valued at about $32,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Up 0.9 %

NYSE:TJX opened at $127.51 on Monday. 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 twelve month low of $93.32 and a twelve month high of $131.30. The company has a market cap of $142.44 billion, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The business has a 50 day moving average price of $121.84 and a two-hundred day moving average price of $121.08.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for 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, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a $0.425 dividend. The ex-dividend date 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 dividend yield of 1.33%. TJX Companies’s dividend payout ratio (DPR) is currently 39.91%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TJX. Barclays boosted their price target on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Robert W. Baird increased their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Morgan Stanley boosted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. UBS Group lifted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $135.76.

Insiders Place Their Bets

In other TJX Companies news, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies 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.