The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Kidder Stephen W

Kidder Stephen W grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 75,522 shares of the apparel and home fashions retailer’s stock after buying an additional 274 shares during the quarter. TJX Companies accounts for approximately 2.7% of Kidder Stephen W’s portfolio, making the stock its 16th biggest position. Kidder Stephen W’s holdings in TJX Companies were worth $9,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bogart Wealth LLC purchased a new position in TJX Companies in the fourth quarter valued at $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at $26,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the 3rd quarter worth $30,000. SOA Wealth Advisors LLC. acquired a new position in TJX Companies in the fourth quarter valued at $30,000. Finally, Millstone Evans Group LLC purchased a new position in shares of TJX Companies during the fourth quarter worth about $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX stock opened at $125.32 on Friday. 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 stock’s 50 day moving average price is $121.70 and its 200 day moving average price is $120.35. The firm has a market cap of $140.88 billion, a P/E ratio of 29.49, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.36%. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies’s dividend payout ratio is 35.21%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TJX shares. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $128.00 to $140.00 in a research report on Thursday. Jefferies Financial Group increased their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Robert W. Baird lifted their target price on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, BMO Capital Markets raised their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $135.76.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the firm’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 transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.