Mesirow Financial Investment Management Inc. Acquires 127 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mesirow Financial Investment Management Inc. boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,217 shares of the apparel and home fashions retailer’s stock after acquiring 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 reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Value Star Asset Management Hong Kong Ltd purchased a new stake in TJX Companies in the fourth quarter worth about $1,208,000. EFG Asset Management Americas Corp. raised its position in shares of TJX Companies by 5.1% in the 4th quarter. EFG Asset Management Americas Corp. now owns 16,548 shares of the apparel and home fashions retailer’s stock worth $1,999,000 after acquiring an additional 805 shares in the last quarter. Andra AP fonden lifted its stake in shares of TJX Companies by 16.1% in the 4th quarter. Andra AP fonden now owns 365,700 shares of the apparel and home fashions retailer’s stock valued at $44,180,000 after purchasing an additional 50,800 shares during the period. Ashton Thomas Private Wealth LLC lifted its stake in shares of TJX Companies by 106.8% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 20,849 shares of the apparel and home fashions retailer’s stock valued at $2,519,000 after purchasing an additional 10,768 shares during the period. Finally, Callan Family Office LLC boosted its position in shares of TJX Companies by 267.3% during the fourth quarter. Callan Family Office LLC now owns 9,036 shares of the apparel and home fashions retailer’s stock valued at $1,092,000 after purchasing an additional 6,576 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Down 1.2 %

TJX stock opened at $119.18 on Friday. The stock has a market capitalization of $133.98 billion, a P/E ratio of 28.04, a P/E/G ratio of 2.75 and a beta of 0.96. 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 TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The business has a fifty day moving average price of $122.77 and a 200-day moving average price of $120.32.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 13th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.26%. The ex-dividend date was Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.21%.

Analysts Set New Price Targets

Several brokerages have commented on TJX. Wells Fargo & Company raised their price objective 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. Robert W. Baird lifted their price target on shares of TJX Companies from $138.00 to $140.00 and gave the company 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 research note on Thursday, February 27th. Evercore ISI raised their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.06.

Insiders Place Their Bets

In other news, 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 directly owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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.