Coordinated Financial Services Inc. Makes New $293,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

Coordinated Financial Services Inc. purchased a new position in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,427 shares of the apparel and home fashions retailer’s stock, valued at approximately $293,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bogart Wealth LLC purchased a new stake in TJX Companies in the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies in the fourth quarter worth about $26,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the third quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the third quarter worth about $30,000. Finally, Truvestments Capital LLC bought a new position in shares of TJX Companies in the third quarter worth about $29,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TJX shares. Morgan Stanley upped their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Robert W. Baird upped their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Finally, Evercore ISI increased their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction 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 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 disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 1.2 %

Shares of TJX stock opened at $119.18 on Friday. 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 stock’s 50 day simple moving average is $122.77 and its two-hundred day simple moving average is $120.36. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a market cap of $133.98 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share 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 firm had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. Research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th were issued a $0.375 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.26%. TJX Companies’s payout ratio is 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.