Hartford Funds Management Co LLC Raises Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Hartford Funds Management Co LLC boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,159 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,233 shares during the period. TJX Companies makes up 0.2% of Hartford Funds Management Co LLC’s holdings, making the stock its 17th biggest holding. Hartford Funds Management Co LLC’s holdings in TJX Companies were worth $2,315,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TJX. Howard Capital Management Group LLC raised its stake in TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after purchasing an additional 69,489 shares during the period. Avidian Wealth Enterprises LLC increased its position in shares of TJX Companies by 2.9% during the third quarter. Avidian Wealth Enterprises LLC now owns 5,503 shares of the apparel and home fashions retailer’s stock valued at $647,000 after acquiring an additional 154 shares during the last quarter. Radnor Capital Management LLC acquired a new stake in shares of TJX Companies during the third quarter valued at about $732,000. Foster & Motley Inc. increased its position in shares of TJX Companies by 2.2% during the third quarter. Foster & Motley Inc. now owns 19,065 shares of the apparel and home fashions retailer’s stock valued at $2,241,000 after acquiring an additional 407 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in shares of TJX Companies by 1.8% during the third quarter. Concurrent Investment Advisors LLC now owns 47,479 shares of the apparel and home fashions retailer’s stock valued at $5,581,000 after acquiring an additional 836 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. 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 research report on Thursday, February 27th. Barclays lifted their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Guggenheim lifted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. TD Cowen lifted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

TJX Companies Stock Down 2.1 %

Shares of TJX Companies stock opened at $120.47 on Friday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a 50 day moving average of $122.87 and a 200 day moving average of $120.27. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $135.43 billion, a P/E ratio of 28.35, a P/E/G ratio of 2.75 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued 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 analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. TJX Companies’s dividend payout ratio is presently 35.21%.

Insider Transactions at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.

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.