The TJX Companies, Inc. (NYSE:TJX) Position Increased by Ancora Advisors LLC

Ancora Advisors LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,217 shares of the apparel and home fashions retailer’s stock after buying an additional 321 shares during the quarter. Ancora Advisors LLC’s holdings in TJX Companies were worth $4,013,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bogart Wealth LLC acquired a new position in shares of TJX Companies in the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies during the 4th quarter worth $26,000. SOA Wealth Advisors LLC. acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $30,000. Millstone Evans Group LLC bought a new position in TJX Companies in the 4th quarter worth approximately $30,000. Finally, Promus Capital LLC bought a new position in TJX Companies during the fourth quarter worth $32,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $2,882,346.84. Following the sale, the chief executive officer now directly 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 owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on TJX. BMO Capital Markets upped their price target on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Morgan Stanley upped their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Finally, Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $128.00 to $140.00 in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.06.

TJX Companies Stock Up 1.3 %

Shares of TJX stock opened at $129.23 on Friday. The company has a market capitalization of $144.36 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a 12-month low of $95.38 and a 12-month high of $131.30. The firm has a fifty day moving average of $122.53 and a 200-day moving average of $121.90. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $16.24 billion. As a group, equities research 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 declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.32%. TJX Companies’s payout ratio is 39.91%.

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.