The TJX Companies, Inc. (NYSE:TJX) Shares Sold by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 64.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,911 shares of the apparel and home fashions retailer's stock after selling 10,572 shares during the quarter. BTG Pactual Asset Management US LLC's holdings in TJX Companies were worth $716,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new position in shares of TJX Companies in the 4th quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies during the fourth quarter worth about $26,000. SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies in the 4th quarter worth about $30,000. Millstone Evans Group LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at about $30,000. Finally, Promus Capital LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth about $32,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on TJX shares. Wells Fargo & Company raised their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Robert W. Baird raised their target price on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Morgan Stanley upped their price target 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. StockNews.com downgraded TJX Companies from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, Telsey Advisory Group restated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $135.76.

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TJX Companies Stock Down 1.7 %

Shares of TJX traded down $2.25 during midday trading on Tuesday, hitting $128.35. The company had a trading volume of 4,969,884 shares, compared to its average volume of 5,368,515. The stock has a market cap of $143.38 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.75 and a beta of 0.86. The company's 50 day moving average price is $121.65 and its 200 day moving average price is $120.77. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $131.37.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $16.24 billion. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Thursday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's payout ratio is currently 39.91%.

Insiders Place Their Bets

In related news, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly 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. 0.13% of the stock is owned by corporate insiders.

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.