Azimuth Capital Investment Management LLC cut its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,019 shares of the apparel and home fashions retailer's stock after selling 2,720 shares during the period. Azimuth Capital Investment Management LLC's holdings in TJX Companies were worth $5,076,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in TJX Companies by 1.7% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock valued at $603,000 after buying an additional 84 shares during the period. Nwam LLC increased its stake in shares of TJX Companies by 2.0% in the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after acquiring an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC lifted its position in shares of TJX Companies by 5.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after acquiring an additional 86 shares during the period. Breakwater Capital Group grew its holdings in TJX Companies by 1.2% in the fourth quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer's stock worth $930,000 after purchasing an additional 91 shares during the period. Finally, Capital Investment Advisory Services LLC increased its stake in TJX Companies by 1.0% in the fourth quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer's stock valued at $1,060,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on TJX. StockNews.com downgraded TJX Companies from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. UBS Group upped their target price on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, January 10th. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Finally, Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $135.76.
View Our Latest Stock Report on TJX Companies
TJX Companies Trading Up 1.5 %
TJX traded up $1.92 during trading on Monday, hitting $130.07. 1,492,511 shares of the stock traded hands, compared to its average volume of 5,405,570. The firm has a market capitalization of $145.30 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The firm has a 50-day moving average of $121.55 and a 200 day moving average of $120.68. 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 12-month low of $92.35 and a 12-month high of $130.94.
TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion during 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%. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.
TJX Companies Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.31%. TJX Companies's payout ratio is presently 39.91%.
Insider Activity at TJX Companies
In other news, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now 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 document filed with the SEC, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the company's 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 owned by corporate insiders.
About TJX Companies
(
Free Report)
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.
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