CANADA LIFE ASSURANCE Co Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

CANADA LIFE ASSURANCE Co raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,847,806 shares of the apparel and home fashions retailer’s stock after buying an additional 440 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.16% of TJX Companies worth $223,053,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Bogart Wealth LLC bought a new position in TJX Companies in the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies in the fourth quarter worth about $26,000. SOA Wealth Advisors LLC. purchased a new position in TJX Companies in the 4th quarter worth about $30,000. Millstone Evans Group LLC bought a new stake in TJX Companies during the 4th quarter valued at about $30,000. Finally, Promus Capital LLC purchased a new stake in TJX Companies in the 4th quarter valued at about $32,000. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on TJX. BMO Capital Markets raised their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $128.00 to $140.00 in a research note on Thursday, April 3rd. Barclays raised their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Morgan Stanley upped their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average price target of $135.76.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated Wednesday, March 5th. The stock was 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 directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated 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. 0.13% of the stock is currently owned by insiders.

TJX Companies Trading Down 1.8 %

Shares of TJX Companies stock opened at $126.25 on Thursday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $131.30. The firm’s 50 day simple moving average is $121.73 and its two-hundred day simple moving average is $120.86. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $141.03 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.75 and a beta of 0.86.

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

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio is 39.91%.

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.