Lido Advisors LLC Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Lido Advisors LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 20.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 129,024 shares of the apparel and home fashions retailer’s stock after acquiring an additional 21,570 shares during the period. Lido Advisors LLC’s holdings in TJX Companies were worth $15,587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC bought a new stake in shares of TJX Companies during the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies during the 4th quarter worth approximately $26,000. SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies during the 4th quarter worth approximately $30,000. Millstone Evans Group LLC bought a new stake in shares of TJX Companies during the 4th quarter worth approximately $30,000. Finally, Promus Capital LLC bought a new stake in shares of TJX Companies during the 4th quarter worth approximately $32,000. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Robert W. Baird raised their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Wednesday, April 23rd. Barclays raised their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company raised 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. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.38.

Insider Transactions at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction dated 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 SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the company’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 value of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.4 %

TJX Companies stock opened at $127.11 on Tuesday. The TJX Companies, Inc. has a one year low of $93.39 and a one year high of $131.30. The stock has a market cap of $141.99 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a 50-day moving average of $122.02 and a two-hundred day moving average of $121.60.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping 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 business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.34%. TJX Companies’s payout ratio is presently 39.91%.

TJX Companies Company 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.