Generation Capital Management LLC Buys Shares of 2,355 The TJX Companies, Inc. (NYSE:TJX)

Generation Capital Management LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,355 shares of the apparel and home fashions retailer’s stock, valued at approximately $285,000.

Several other hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in shares of TJX Companies in the 4th quarter valued at approximately $1,670,565,000. Raymond James Financial Inc. acquired a new position in TJX Companies during the fourth quarter valued at approximately $570,342,000. DJE Kapital AG bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $140,068,000. Provident Trust Co. lifted its stake in shares of TJX Companies by 71.3% in the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock worth $328,984,000 after buying an additional 1,133,486 shares during the last quarter. Finally, Capital Wealth Planning LLC lifted its stake in shares of TJX Companies by 39.1% in the fourth quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer’s stock worth $441,953,000 after buying an additional 1,027,456 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated 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 document filed with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.9 %

Shares of NYSE TJX opened at $127.51 on Friday. The company’s 50 day simple moving average is $121.78 and its 200 day simple moving average is $120.93. 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 TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $131.30. The firm has a market capitalization of $142.44 billion, a P/E ratio of 30.00, a P/E/G ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. On average, analysts predict 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. Investors of record on Thursday, May 15th will be paid 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 yield of 1.33%. TJX Companies’s dividend payout ratio (DPR) is presently 39.91%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. Morgan Stanley increased their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $135.76.

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.