The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Fmr LLC

FMR LLC trimmed its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,756,225 shares of the apparel and home fashions retailer's stock after selling 4,582,779 shares during the period. FMR LLC owned approximately 3.18% of TJX Companies worth $4,319,710,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Bogart Wealth LLC purchased a new stake in TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies during the fourth quarter worth about $26,000. Legacy Investment Solutions LLC bought a new position in TJX Companies during the 3rd quarter valued at approximately $30,000. SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies during the fourth quarter valued at $30,000. Finally, Millstone Evans Group LLC purchased a new position in TJX Companies in the fourth quarter worth about $30,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Up 1.3 %

Shares of TJX Companies stock traded up $1.67 during trading on Thursday, hitting $127.72. 3,833,375 shares of the stock traded hands, compared to its average volume of 5,328,910. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.99. The stock's fifty day simple moving average is $121.43 and its 200 day simple moving average is $120.52. The firm has a market cap of $142.68 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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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 analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is currently 39.91%.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated 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 approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred 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. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TJX shares. Wells Fargo & Company upped their price target on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. UBS Group raised their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. Morgan Stanley increased their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. Finally, StockNews.com cut TJX Companies from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, TJX Companies has an average rating of "Moderate Buy" and a consensus price target of $135.76.

TJX Companies Company 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.