Pennington Partners & CO. LLC Buys New Position in The TJX Companies, Inc. (NYSE:TJX)

Pennington Partners & CO. LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,124 shares of the apparel and home fashions retailer’s stock, valued at approximately $257,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TJX. Bogart Wealth LLC acquired a new position in TJX Companies in the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at $26,000. SOA Wealth Advisors LLC. acquired a new position in TJX Companies in the fourth quarter valued at $30,000. Millstone Evans Group LLC acquired a new position in TJX Companies in the fourth quarter valued at $30,000. Finally, Promus Capital LLC purchased a new position in TJX Companies during the fourth quarter worth about $32,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on TJX shares. Robert W. Baird lifted their price target on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday. BMO Capital Markets increased their price target on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $137.06.

TJX Companies Price Performance

Shares of NYSE TJX opened at $127.60 on Friday. The company has a market capitalization of $142.54 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 2.75 and a beta of 0.86. 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 1-year low of $94.32 and a 1-year high of $131.30. The business has a 50-day moving average of $122.40 and a 200-day moving average of $121.78.

TJX Companies (NYSE:TJX) last released its quarterly 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 firm had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a $0.425 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, May 15th. TJX Companies’s dividend payout ratio is presently 39.91%.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The stock was 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. 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.