Glass Jacobson Investment Advisors llc Buys 191 Shares of The TJX Companies, Inc. (NYSE:TJX)

Glass Jacobson Investment Advisors llc grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 63.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 491 shares of the apparel and home fashions retailer’s stock after acquiring an additional 191 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in TJX Companies were worth $59,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in TJX Companies by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock valued at $11,998,201,000 after acquiring an additional 578,948 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of TJX Companies by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock valued at $2,930,965,000 after purchasing an additional 464,995 shares in the last quarter. Norges Bank bought a new position in shares of TJX Companies in the 4th quarter valued at $1,670,565,000. Invesco Ltd. raised its holdings in shares of TJX Companies by 4.3% during the 4th quarter. Invesco Ltd. now owns 8,753,021 shares of the apparel and home fashions retailer’s stock worth $1,057,452,000 after buying an additional 363,879 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of TJX Companies by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock worth $837,951,000 after buying an additional 657,529 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their target price 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. Morgan Stanley lifted their price target 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. Robert W. Baird increased their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $135.76.

Insider Transactions at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the company’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 TJX Companies stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $128.22 on Friday. The business has a 50-day moving average of $121.55 and a 200-day moving average of $120.66. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market capitalization of $143.24 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $129.02.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $16.24 billion. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share 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 issued a dividend of $0.425 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, May 15th. TJX Companies’s dividend payout ratio (DPR) is presently 39.91%.

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.