Coldstream Capital Management Inc. Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Coldstream Capital Management Inc. grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.8% during the fourth quarter, HoldingsChannel reports. The firm owned 64,147 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,958 shares during the quarter. Coldstream Capital Management Inc.’s holdings in TJX Companies were worth $7,750,000 at the end of the most recent quarter.

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

TJX Companies Stock Up 0.1 %

TJX Companies stock opened at $126.64 on Friday. The TJX Companies, Inc. has a 12 month low of $93.39 and a 12 month high of $131.30. The stock has a fifty day simple moving average of $121.95 and a two-hundred day simple moving average of $121.40. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market cap of $141.47 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. Equities analysts predict 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. Investors of record on Thursday, May 15th will be given a dividend of $0.425 per share. This is an increase 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 yield of 1.34%. TJX Companies’s dividend payout ratio is 39.91%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wells Fargo & Company raised their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $128.00 to $140.00 in a research report on Thursday, April 3rd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Wednesday. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Finally, BMO Capital Markets upped their price target on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $137.38.

Insiders Place Their Bets

In other TJX Companies 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 SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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.