Argentarii LLC Takes Position in The TJX Companies, Inc. (NYSE:TJX)

Argentarii LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,411 shares of the apparel and home fashions retailer’s stock, valued at approximately $412,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in TJX Companies in the 4th quarter valued at about $570,342,000. DJE Kapital AG acquired a new position in TJX Companies in the 4th quarter valued at about $140,068,000. Provident Trust Co. grew its stake in TJX Companies by 71.3% in the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock valued at $328,984,000 after buying an additional 1,133,486 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in TJX Companies by 161.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after buying an additional 1,102,912 shares during the last quarter. Finally, Capital Wealth Planning LLC grew its stake in TJX Companies by 39.1% in the 4th quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer’s stock valued at $441,953,000 after buying an additional 1,027,456 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TJX shares. Jefferies Financial Group upped their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. TD Cowen raised their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. BMO Capital Markets raised their target price on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Finally, Robert W. Baird raised their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $119.18 on Friday. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. 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 $133.98 billion, a P/E ratio of 28.04, a P/E/G ratio of 2.75 and a beta of 0.96. The company’s 50 day moving average price is $122.77 and its two-hundred day moving average price is $120.36.

TJX Companies (NYSE:TJX) last issued its earnings results 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th were given a $0.375 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.26%. TJX Companies’s dividend payout ratio is currently 35.21%.

Insider Buying and Selling at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction 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 document filed with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

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.