Quantinno Capital Management LP Acquires 33,658 Shares of The TJX Companies, Inc. (NYSE:TJX)

Quantinno Capital Management LP raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 32.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 138,849 shares of the apparel and home fashions retailer’s stock after purchasing an additional 33,658 shares during the quarter. Quantinno Capital Management LP’s holdings in TJX Companies were worth $16,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Fiduciary Trust Co grew its holdings in shares of 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 in the last quarter. Ethic Inc. grew its stake in 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 buying an additional 29,158 shares in the last quarter. Congress Asset Management Co. raised its stake in shares of TJX Companies by 1.1% during 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 period. Atlas Legacy Advisors LLC purchased a new stake in shares of TJX Companies in the fourth quarter worth about $433,000. Finally, BLB&B Advisors LLC lifted its stake in TJX Companies by 2.8% in the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock worth $9,795,000 after purchasing an additional 2,201 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX opened at $130.81 on Wednesday. The business has a 50 day simple moving average of $123.40 and a two-hundred day simple moving average of $122.57. The TJX Companies, Inc. has a 1-year low of $97.53 and a 1-year high of $132.47. 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 stock has a market capitalization of $146.13 billion, a PE ratio of 30.78, a P/E/G ratio of 2.75 and a beta of 0.94.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 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 firm had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio (DPR) is 39.91%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. BMO Capital Markets upped their target price 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. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Wells Fargo & Company reduced their price target on shares of TJX Companies from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley decreased their price target on shares of TJX Companies from $136.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Finally, StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.94.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62% decrease in their ownership of the stock. 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 firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

About TJX Companies

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.