Lantern Wealth Advisors LLC Raises Stake in The TJX Companies, Inc. (NYSE:TJX)

Lantern Wealth Advisors LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,150 shares of the apparel and home fashions retailer’s stock after buying an additional 200 shares during the quarter. Lantern Wealth Advisors LLC’s holdings in TJX Companies were worth $1,105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in TJX Companies by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock worth $11,998,201,000 after acquiring an additional 578,948 shares during the period. Geode Capital Management LLC boosted its position in TJX Companies by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock worth $2,930,965,000 after purchasing an additional 464,995 shares in the last quarter. Capital International Investors grew its stake in shares of TJX Companies by 4.5% during the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer’s stock worth $1,769,600,000 after purchasing an additional 626,739 shares during the period. Northern Trust Corp increased its holdings in shares of TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock valued at $1,689,628,000 after purchasing an additional 1,845,225 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of TJX Companies in the 4th quarter valued at $1,670,565,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, 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 value of $988,240.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $135.05 on Tuesday. The company has a market cap of $150.86 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a twelve month low of $97.53 and a twelve month high of $135.62. The company’s 50-day moving average price is $124.69 and its 200-day moving average price is $123.19. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. On average, sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.26%. TJX Companies’s dividend payout ratio (DPR) is 39.91%.

Wall Street Analyst Weigh In

Several research firms recently commented on TJX. Telsey Advisory Group restated an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Barclays raised their target price on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. BMO Capital Markets upped their price target on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $136.82.

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.