Woodline Partners LP Acquires New Shares in The TJX Companies, Inc. (NYSE:TJX)

Woodline Partners LP bought a new stake in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 67,734 shares of the apparel and home fashions retailer’s stock, valued at approximately $8,183,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TJX. Bogart Wealth LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at approximately $25,000. SOA Wealth Advisors LLC. bought a new stake in TJX Companies in the fourth quarter worth approximately $30,000. Millstone Evans Group LLC acquired a new position in shares of TJX Companies during the 4th quarter worth $30,000. Promus Capital LLC bought a new position in shares of TJX Companies during the 4th quarter valued at $32,000. Finally, Tacita Capital Inc acquired a new stake in shares of TJX Companies in the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity

In other news, Director Alan M. Bennett sold 8,000 shares of the 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 sale 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 TJX Companies stock in a transaction dated Wednesday, March 5th. The shares were 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 in the company, valued at approximately $59,569,772.67. This trade represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

NYSE TJX opened at $129.47 on Friday. The company’s fifty day moving average is $125.79 and its two-hundred day moving average is $123.44. The TJX Companies, Inc. has a 52-week low of $99.22 and a 52-week high of $135.85. 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 firm has a market capitalization of $144.63 billion, a price-to-earnings ratio of 30.46, a P/E/G ratio of 2.75 and a beta of 0.94.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $13.11 billion during the quarter, compared to analysts’ expectations of $13.01 billion. During the same quarter last year, the company earned $0.93 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio (DPR) is presently 39.91%.

Analyst Upgrades and Downgrades

TJX has been the topic of several analyst reports. Morgan Stanley increased their target price on shares of TJX Companies from $133.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a report on Wednesday. BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies in a research note on Wednesday. Robert W. Baird upped their target price on TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Loop Capital increased their price target on TJX Companies from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and eighteen 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 an average price target 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.