Intrepid Capital Management Inc. Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

Intrepid Capital Management Inc. raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 7.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,868 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,676 shares during the quarter. TJX Companies accounts for 1.5% of Intrepid Capital Management Inc.’s portfolio, making the stock its 17th biggest position. Intrepid Capital Management Inc.’s holdings in TJX Companies were worth $3,004,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Bogart Wealth LLC bought a new position in shares of TJX Companies during the fourth quarter valued at about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies during the 4th quarter valued at about $26,000. Legacy Investment Solutions LLC bought a new position in TJX Companies during the 3rd quarter valued at approximately $30,000. SOA Wealth Advisors LLC. purchased a new stake in TJX Companies in the 4th quarter worth approximately $30,000. Finally, Millstone Evans Group LLC bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.7 %

Shares of TJX Companies stock opened at $122.68 on Wednesday. The company has a 50-day simple moving average of $121.60 and a two-hundred day simple moving average of $120.28. The stock has a market capitalization of $137.92 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last released 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 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%. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business 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 $0.425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a 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 currently 35.21%.

Wall Street Analyst Weigh In

TJX has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Guggenheim raised their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Jefferies Financial Group boosted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird raised their price objective 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. Finally, BMO Capital Markets upped their target price on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $135.06.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company’s 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 link. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on 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 transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

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.