Annis Gardner Whiting Capital Advisors LLC Has $299,000 Stake in The TJX Companies, Inc. (NYSE:TJX)

Annis Gardner Whiting Capital Advisors LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,471 shares of the apparel and home fashions retailer’s stock after purchasing an additional 161 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in TJX Companies were worth $299,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Bogart Wealth LLC bought a new stake in shares of TJX Companies during the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies in the fourth quarter worth about $26,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies during the 3rd quarter worth about $30,000. SOA Wealth Advisors LLC. acquired a new position in TJX Companies during the 4th quarter valued at about $30,000. Finally, Millstone Evans Group LLC bought a new position in shares of TJX Companies in the 4th quarter valued at about $30,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of several analyst reports. Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Friday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating and increased their target price for the company from $128.00 to $140.00 in a research note on Thursday. Finally, Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.76.

Insider Activity at TJX Companies

In other news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, 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 position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

TJX Companies Price Performance

TJX stock opened at $121.92 on Friday. The stock has a 50-day moving average price of $121.69 and a two-hundred day moving average price of $120.37. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.33. The stock has a market cap of $137.06 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. 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 posted its quarterly earnings data 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 business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.39%. TJX Companies’s dividend payout ratio is presently 35.21%.

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.