The Manufacturers Life Insurance Company Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

The Manufacturers Life Insurance Company boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 805,697 shares of the apparel and home fashions retailer’s stock after purchasing an additional 7,460 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.07% of TJX Companies worth $97,337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. Bogart Wealth LLC acquired a new position in TJX Companies during the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the 4th quarter worth approximately $26,000. SOA Wealth Advisors LLC. acquired a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $30,000. Finally, Promus Capital LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. The trade was 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 this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the 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. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Wednesday, April 23rd. BMO Capital Markets raised their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Morgan Stanley boosted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Barclays raised their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.38.

TJX Companies Trading Up 0.8 %

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 firm has a market cap of $143.14 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 2.75 and a beta of 0.86. The firm has a 50 day simple moving average of $122.13 and a 200-day simple moving average of $121.65. The TJX Companies, Inc. has a one year low of $93.39 and a one year high of $131.30.

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 company had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio (DPR) 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.