The TJX Companies, Inc. (NYSE:TJX) Shares Sold by AIA Group Ltd

AIA Group Ltd lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 78.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,813 shares of the apparel and home fashions retailer's stock after selling 13,855 shares during the quarter. AIA Group Ltd's holdings in TJX Companies were worth $461,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TJX. Bogart Wealth LLC purchased a new stake in TJX Companies during the fourth quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the 4th quarter valued at $26,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the 3rd quarter worth about $30,000. SOA Wealth Advisors LLC. purchased a new stake in shares of TJX Companies in the 4th quarter worth $30,000. Finally, Millstone Evans Group LLC purchased a new stake in TJX Companies in the fourth quarter worth about $30,000. Institutional investors own 91.09% of the company's stock.

Insider Buying and Selling

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the chief executive officer now directly owns 484,189 shares of the company's stock, 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. 0.13% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

Several analysts have issued reports on the company. Guggenheim increased their target price on TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. BMO Capital Markets raised their price target on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Jefferies Financial Group upped their target price on 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 boosted their price objective on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, Morgan Stanley raised their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.76.

TJX Companies Price Performance

TJX Companies stock traded up $0.39 during midday trading on Thursday, reaching $125.32. The company had a trading volume of 11,385,422 shares, compared to its average volume of 5,237,256. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The firm's fifty day simple moving average is $121.65 and its 200-day simple moving average is $120.31. 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 company has a market capitalization of $140.88 billion, a P/E ratio of 29.49, a P/E/G ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a $0.425 dividend. This is an increase from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio (DPR) is currently 35.21%.

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.