XTX Topco Ltd Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

XTX Topco Ltd acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 15,965 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,929,000.

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

Analyst Ratings Changes

Several brokerages have recently commented on TJX. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $128.00 to $140.00 in a research note on Thursday, April 3rd. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Friday, April 4th. Robert W. Baird boosted their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Finally, UBS Group boosted 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. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $135.76.

TJX Companies Trading Up 0.6 %

NYSE TJX opened at $128.22 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $129.36. The stock has a market cap of $143.24 billion, a P/E ratio of 30.17, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The stock has a 50 day simple moving average of $121.55 and a two-hundred day simple moving average of $120.68.

TJX Companies (NYSE:TJX) last issued 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. The business had revenue of $16.35 billion during 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%. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a $0.425 dividend. The ex-dividend date of this dividend 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 yield of 1.33%. TJX Companies’s dividend payout ratio is 39.91%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction on 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 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 filing with the Securities & Exchange Commission, which is accessible 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. Company insiders own 0.13% of the company’s stock.

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.