Parvin Asset Management LLC Purchases Shares of 3,175 The TJX Companies, Inc. (NYSE:TJX)

Parvin Asset Management LLC purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, Holdings Channel reports. The fund purchased 3,175 shares of the apparel and home fashions retailer’s stock, valued at approximately $384,000.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of TJX Companies during the fourth quarter worth $1,670,565,000. Raymond James Financial Inc. acquired a new stake in shares of TJX Companies during the fourth quarter worth $570,342,000. Capital Research Global Investors lifted its holdings in shares of TJX Companies by 689.6% during the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock worth $313,512,000 after buying an additional 2,266,415 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock worth $1,689,628,000 after buying an additional 1,845,225 shares in the last quarter. Finally, DJE Kapital AG acquired a new stake in shares of TJX Companies during the fourth quarter worth $140,068,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.8 %

Shares of NYSE TJX opened at $128.14 on Wednesday. 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 TJX Companies, Inc. has a 52-week low of $93.39 and a 52-week high of $131.30. The firm has a 50 day moving average price of $122.13 and a two-hundred day moving average price of $121.65. The stock has a market cap of $143.14 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (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 firm had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. As a group, equities analysts forecast 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. Shareholders of record on Thursday, May 15th will be given a $0.425 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, May 15th. TJX Companies’s dividend payout ratio is 39.91%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TJX shares. Wells Fargo & Company lifted their target price 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 lifted their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Robert W. Baird raised their price target on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.38.

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.