Mesirow Financial Investment Management Inc. Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

Mesirow Financial Investment Management Inc. boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,217 shares of the apparel and home fashions retailer’s stock after purchasing an additional 127 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in TJX Companies were worth $3,529,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TJX. Bogart Wealth LLC bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP purchased a new position in TJX Companies during the third quarter valued at approximately $29,000. Truvestments Capital LLC bought a new position in shares of TJX Companies in the third quarter worth approximately $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies in the third quarter worth $30,000. Institutional investors own 91.09% of the company’s stock.

Insider Activity

In related news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated Wednesday, March 5th. The stock was 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. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 1.2 %

Shares of NYSE:TJX opened at $119.18 on Friday. The company has a market cap of $133.98 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. 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 company has a 50-day moving average price of $122.77 and a 200 day moving average price of $120.32.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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. The business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 35.21%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TJX. Robert W. Baird upped their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Jefferies Financial Group upped their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. TD Cowen upped their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

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.