Broderick Brian C raised its stake in  The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor  owned 99,510 shares of the apparel and home fashions retailer's stock after purchasing an additional 4,765 shares during the period. TJX Companies comprises  1.9% of Broderick Brian C's investment portfolio, making the stock its 22nd biggest position. Broderick Brian C's holdings in TJX Companies were worth $6,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in TJX. FMR LLC raised its stake in  TJX Companies by 22.0% in the second quarter. FMR LLC now owns 32,148,799 shares of the apparel and home fashions retailer's stock valued at $1,795,510,000 after buying an additional 5,804,572 shares in the last quarter.  Price T Rowe Associates Inc. MD grew its holdings in shares of  TJX Companies by 25.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 20,320,455 shares of the apparel and home fashions retailer's stock worth $1,134,897,000 after purchasing an additional 4,081,241 shares during the last quarter.  Legal & General Group Plc increased its position in shares of  TJX Companies by 1.0% during the second quarter. Legal & General Group Plc now owns 8,675,496 shares of the apparel and home fashions retailer's stock worth $484,528,000 after purchasing an additional 86,967 shares in the last quarter.  Macquarie Group Ltd. lifted its holdings in shares of  TJX Companies by 2.8% in the 2nd quarter. Macquarie Group Ltd. now owns 8,559,166 shares of the apparel and home fashions retailer's stock valued at $478,029,000 after purchasing an additional 235,690 shares during the last quarter.  Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of  TJX Companies in the 1st quarter valued at about $408,331,000. Hedge funds and other institutional investors own  91.30% of the company's stock.

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TJX Companies Price Performance

NYSE:TJX traded up $0.23 during mid-day trading on Tuesday, hitting $81.74. 152,334 shares of the company's stock traded hands, compared to its average volume of 5,119,502. The TJX Companies, Inc. has a 1 year low of $53.69 and a 1 year high of $83.13. The company has a market cap of $94.45 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 2.50 and a beta of 0.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.41 and a current ratio of 1.16. The firm's 50 day simple moving average is $79.99 and its 200 day simple moving average is $70.77.

                TJX Companies (NYSE:TJX – Get Rating) last issued its quarterly earnings data on Wednesday, November 16th. The apparel and home fashions retailer reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. The firm had revenue of $12.17 billion during the quarter, compared to the consensus estimate of $12.27 billion. TJX Companies had a return on equity of 62.97% and a net margin of 6.90%.  Sell-side analysts expect that  The TJX Companies, Inc. will post 3.12 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Investors of record on Thursday, February 9th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, February 8th. TJX Companies's dividend payout ratio  is presently 41.11%.

Insider Activity at TJX Companies

In other TJX Companies news, EVP Kenneth Canestrari sold 4,100 shares of the firm's stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $78.51, for a total transaction of $321,891.00. Following the sale, the executive vice president now directly owns 126,822 shares of the company's stock, valued at approximately $9,956,795.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other TJX Companies news, Chairman Carol Meyrowitz sold 16,223 shares of the firm's stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $79.79, for a total value of $1,294,433.17. Following the sale, the chairman now directly owns 209,390 shares of the company's stock, valued at approximately $16,707,228.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kenneth Canestrari sold 4,100 shares of TJX Companies stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $78.51, for a total value of $321,891.00. Following the completion of the sale, the executive vice president now owns 126,822 shares of the company's stock, valued at approximately $9,956,795.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,231 shares of company stock valued at $2,405,249. 0.19% of the stock is owned by insiders.

Analysts Set New Price Targets

TJX has been the subject of a number of research reports. Cowen boosted their price objective on TJX Companies from $84.00 to $85.00 in a research note on Tuesday, December 6th. Citigroup upped their price objective on TJX Companies from $86.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, November 17th. Gordon Haskett raised TJX Companies from a "hold" rating to a "buy" rating and set a $80.00 price objective for the company in a research report on Thursday, November 10th. The Goldman Sachs Group boosted their target price on TJX Companies from $71.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday, November 17th. Finally, Telsey Advisory Group increased their price target on TJX Companies from $86.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, November 17th. Four investment analysts have rated the stock with a hold rating and twelve have issued  a buy rating to the company's stock. Based on data from MarketBeat.com, TJX Companies  has an average rating of "Moderate Buy" and an average price target of $82.67.

About TJX Companies

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The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

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