Aigen Investment Management LP Sells 16,728 Shares of The TJX Companies, Inc. (NYSE:TJX)

Aigen Investment Management LP lowered its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 44.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,988 shares of the apparel and home fashions retailer's stock after selling 16,728 shares during the period. Aigen Investment Management LP's holdings in TJX Companies were worth $2,536,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TJX. Bogart Wealth LLC bought a new position in TJX Companies in the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the 4th quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the 3rd quarter worth approximately $29,000. Truvestments Capital LLC bought a new position in TJX Companies in the 3rd quarter worth approximately $29,000. Finally, Legacy Investment Solutions LLC bought a new position in TJX Companies in the 3rd quarter worth approximately $30,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 1.2 %

Shares of TJX stock traded down $1.47 on Friday, hitting $119.18. The stock had a trading volume of 6,230,022 shares, compared to its average volume of 4,866,294. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The firm has a market cap of $133.98 billion, a P/E ratio of 28.04, a PEG ratio of 2.75 and a beta of 0.96. 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 fifty day moving average price of $122.77 and a two-hundred day moving average price of $120.32.

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

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 13th were paid a $0.375 dividend. 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 payout ratio is presently 35.21%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Morgan Stanley boosted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. TD Cowen lifted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, BMO Capital Markets lifted their target price 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. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.