The TJX Companies, Inc. (NYSE:TJX) Shares Bought by MGO One Seven LLC

MGO One Seven LLC increased its position in The TJX Companies, Inc. (NYSE:TJX) by 35.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 39,724 shares of the apparel and home fashions retailer’s stock after acquiring an additional 10,454 shares during the period. MGO One Seven LLC’s holdings in TJX Companies were worth $4,799,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TJX. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Wednesday. BMO Capital Markets lifted their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. UBS Group upped their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Morgan Stanley lifted their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company boosted their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average price target of $135.76.

Insiders Place Their Bets

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 stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Down 0.1 %

Shares of TJX Companies stock opened at $125.53 on Thursday. The TJX Companies, Inc. has a 1-year low of $93.39 and a 1-year high of $131.30. The company has a market capitalization of $140.23 billion, a PE ratio of 29.54, a P/E/G ratio of 2.75 and a beta of 0.86. 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 business has a 50-day moving average of $121.85 and a 200-day moving average of $121.21.

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

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.35%. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies’s dividend payout ratio is 39.91%.

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.