Mirova Takes $1.59 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Mirova acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,139 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,587,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of TJX Companies by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock valued at $11,998,201,000 after buying an additional 578,948 shares during the period. Geode Capital Management LLC grew its holdings in shares of TJX Companies by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock valued at $2,930,965,000 after purchasing an additional 464,995 shares during the last quarter. Capital International Investors lifted its holdings in shares of TJX Companies by 4.5% in 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 last quarter. Norges Bank acquired a new position in TJX Companies during the 4th quarter valued at approximately $1,670,565,000. Finally, Invesco Ltd. boosted its position in TJX Companies by 4.3% during the 4th quarter. Invesco Ltd. now owns 8,753,021 shares of the apparel and home fashions retailer’s stock valued at $1,057,452,000 after purchasing an additional 363,879 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction of $2,882,346.84. Following the transaction, the chief executive officer now 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

NYSE TJX opened at $127.51 on Friday. The TJX Companies, Inc. has a 1 year low of $93.32 and a 1 year high of $131.30. The stock’s 50-day moving average price is $121.84 and its two-hundred day moving average price is $121.04. The company has a market cap of $142.44 billion, a PE ratio of 30.00, a PEG ratio of 2.75 and a beta of 0.86. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies’s dividend payout ratio is 39.91%.

Wall Street Analyst Weigh In

TJX has been the subject of several analyst reports. Robert W. Baird boosted their price target on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. BMO Capital Markets raised their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Barclays boosted their price target on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.76.

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.