Mufg Securities Americas Inc. Purchases New Stake in The TJX Companies, Inc. (NYSE:TJX)

Mufg Securities Americas Inc. acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,649 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,011,000.

A number of other large investors have also recently bought and sold shares of TJX. Fiduciary Trust Co increased its stake in TJX Companies by 5.2% in the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock valued at $349,284,000 after acquiring an additional 144,113 shares during the last quarter. Ethic Inc. boosted its holdings in shares of TJX Companies by 21.1% in the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock valued at $20,196,000 after purchasing an additional 29,158 shares in the last quarter. Congress Asset Management Co. increased its stake in shares of TJX Companies by 1.1% in the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after purchasing an additional 13,036 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new position in shares of TJX Companies during the 4th quarter worth $433,000. Finally, BLB&B Advisors LLC boosted its stake in TJX Companies by 2.8% in the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock valued at $9,795,000 after buying an additional 2,201 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

TJX Companies Stock Performance

TJX stock opened at $130.81 on Wednesday. The firm has a market cap of $146.13 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $123.40 and a 200-day moving average price of $122.57. The TJX Companies, Inc. has a 1-year low of $97.53 and a 1-year high of $132.47.

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, topping analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently announced 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. The ex-dividend date is Thursday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.30%. TJX Companies’s dividend payout ratio is currently 39.91%.

Analyst Ratings Changes

A number of research firms have recently commented on TJX. Morgan Stanley dropped their target price on shares of TJX Companies from $136.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, May 6th. Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $128.00 to $140.00 in a research note on Thursday, April 3rd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday. Robert W. Baird upped their price target 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. Finally, BMO Capital Markets raised their price objective on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $136.94.

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.