The TJX Companies, Inc. (NYSE:TJX) Stock Position Raised by Chatham Capital Group Inc.

Chatham Capital Group Inc. raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,814 shares of the apparel and home fashions retailer’s stock after purchasing an additional 165 shares during the period. Chatham Capital Group Inc.’s holdings in TJX Companies were worth $3,602,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth about $26,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies during the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies during the 3rd quarter worth about $30,000. Finally, Truvestments Capital LLC purchased a new stake in shares of TJX Companies during the 3rd quarter worth about $29,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

TJX opened at $120.47 on Friday. The firm has a market capitalization of $135.43 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The stock’s 50 day moving average price is $122.87 and its two-hundred day moving average price is $120.27. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

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

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th were given a $0.375 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. TJX Companies’s dividend payout ratio is currently 35.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets raised their price target on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. 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. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. TD Cowen increased their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Barclays increased their price objective on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $135.06.

Insiders Place Their Bets

In related 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 transaction of $988,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.