Allred Capital Management LLC Acquires 1,584 Shares of The TJX Companies, Inc. (NYSE:TJX)

Allred Capital Management LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 20.5% in the fourth quarter, Holdings Channel reports. The firm owned 9,328 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,584 shares during the period. Allred Capital Management LLC’s holdings in TJX Companies were worth $1,127,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

TJX has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. UBS Group raised their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. BMO Capital Markets upped their price target 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. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Finally, Morgan Stanley upped their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $135.76.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $127.51 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $131.30. The firm has a market capitalization of $142.44 billion, a P/E ratio of 30.00, a PEG ratio of 2.75 and a beta of 0.86. The company has a 50 day moving average price of $121.78 and a 200 day moving average price of $120.93.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating 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. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company 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 an increase from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.33%. TJX Companies’s payout ratio is 39.91%.

Insider Activity at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of TJX Companies 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This trade 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 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.