Federated Hermes Inc. Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Federated Hermes Inc. boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 17.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,282,824 shares of the apparel and home fashions retailer’s stock after acquiring an additional 190,817 shares during the period. Federated Hermes Inc.’s holdings in TJX Companies were worth $154,978,000 at the end of the most recent reporting period.

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

Insider Buying and Selling 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 transaction of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the business’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 completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at $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.

Analyst Ratings Changes

TJX has been the subject of a number of analyst reports. UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Morgan Stanley increased their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. BMO Capital Markets boosted their target price on 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 reiterated an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Finally, Barclays raised their target price on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $135.76.

TJX Companies Price Performance

NYSE TJX opened at $121.92 on Friday. The stock has a market cap of $136.20 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.33. The company’s 50 day moving average is $121.69 and its two-hundred day moving average is $120.38. 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 results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.39%. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio (DPR) is presently 39.91%.

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.