Waterloo Capital L.P. Has $1.68 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Waterloo Capital L.P. lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,916 shares of the apparel and home fashions retailer’s stock after buying an additional 397 shares during the quarter. Waterloo Capital L.P.’s holdings in TJX Companies were worth $1,681,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Bogart Wealth LLC bought a new position in shares of TJX Companies in the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies in the fourth quarter worth approximately $26,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies in the third quarter worth approximately $30,000. SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $30,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TJX shares. BMO Capital Markets increased their target price 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. Morgan Stanley raised their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Robert W. Baird upped their price target on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Wells Fargo & Company raised their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $135.76.

TJX Companies Price Performance

Shares of NYSE TJX opened at $121.92 on Monday. 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 company has a market capitalization of $136.20 billion, a PE ratio of 28.69, a PEG ratio of 2.75 and a beta of 0.86. The stock’s 50 day moving average price is $121.69 and its 200-day moving average price is $120.40. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.33.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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. The firm 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%. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies’s dividend payout ratio is currently 39.91%.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

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.