Cerity Partners LLC reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,302,915 shares of the apparel and home fashions retailer's stock after selling 44,755 shares during the period. Cerity Partners LLC owned 0.12% of TJX Companies worth $156,897,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC increased its position in shares of TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer's stock valued at $27,208,000 after purchasing an additional 69,489 shares during the last quarter. Morse Asset Management Inc lifted its stake in shares of TJX Companies by 10.6% during the 3rd quarter. Morse Asset Management Inc now owns 3,015 shares of the apparel and home fashions retailer's stock valued at $354,000 after buying an additional 290 shares in the last quarter. Dunhill Financial LLC boosted its holdings in shares of TJX Companies by 5.4% in the third quarter. Dunhill Financial LLC now owns 3,273 shares of the apparel and home fashions retailer's stock worth $385,000 after acquiring an additional 169 shares during the period. Legacy Investment Solutions LLC bought a new position in TJX Companies in the 3rd quarter worth about $30,000. Finally, MML Investors Services LLC grew its stake in TJX Companies by 13.1% during the third quarter. MML Investors Services LLC now owns 128,476 shares of the apparel and home fashions retailer's stock valued at $15,101,000 after acquiring an additional 14,866 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at TJX Companies
In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were 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. Company insiders own 0.13% of the company's stock.
TJX Companies Stock Up 0.6 %
Shares of TJX stock traded up $0.74 during mid-day trading on Thursday, reaching $126.79. 3,449,004 shares of the company's stock traded hands, compared to its average volume of 5,327,131. The company's 50-day moving average price is $121.43 and its 200-day moving average price is $120.52. The company has a market cap of $141.64 billion, a P/E ratio of 29.85, a P/E/G ratio of 2.75 and a beta of 0.86. 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 12 month low of $92.35 and a 12 month high of $128.99.
TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating 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 company had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.
TJX Companies Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a $0.425 dividend. The ex-dividend date is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.34%. TJX Companies's dividend payout ratio is 39.91%.
Analyst Ratings Changes
A number of brokerages have weighed in on TJX. Barclays upped their target price on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Morgan Stanley raised their price target on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. UBS Group increased their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, Robert W. Baird upped their price target on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies currently has an average rating of "Moderate Buy" and a consensus price target of $135.76.
Read Our Latest Stock Analysis on TJX
TJX Companies Profile
(
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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