HM Payson & Co. Sells 6,417 Shares of The TJX Companies, Inc. (NYSE:TJX)

HM Payson & Co. decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 498,086 shares of the apparel and home fashions retailer's stock after selling 6,417 shares during the period. TJX Companies makes up about 1.0% of HM Payson & Co.'s investment portfolio, making the stock its 29th largest holding. HM Payson & Co.'s holdings in TJX Companies were worth $60,174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TJX. State Street Corp boosted its stake in TJX Companies by 1.0% in the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer's stock worth $5,589,783,000 after purchasing an additional 469,287 shares during the period. Geode Capital Management LLC lifted its holdings in shares of TJX Companies by 1.5% in the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer's stock valued at $2,795,121,000 after purchasing an additional 363,707 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of TJX Companies by 7.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer's stock worth $1,079,319,000 after buying an additional 643,833 shares during the period. Franklin Resources Inc. grew its holdings in shares of TJX Companies by 9.9% during the third quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer's stock worth $837,951,000 after buying an additional 657,529 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in TJX Companies by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer's stock valued at $850,428,000 after buying an additional 827,103 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

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TJX Companies Stock Performance

Shares of NYSE:TJX traded down $1.48 on Tuesday, hitting $116.13. The company had a trading volume of 6,518,035 shares, compared to its average volume of 4,873,651. The stock has a market cap of $130.55 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 2.75 and a beta of 0.96. The stock has a 50 day moving average price of $122.61 and a 200 day moving average price of $120.33. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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 EPS 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 the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insider Activity

In other TJX Companies news, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction 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 sale, the chief executive officer now directly owns 484,189 shares of the company's stock, 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 company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TJX. StockNews.com downgraded TJX Companies from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. TD Cowen increased 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. BMO Capital Markets increased their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, Robert W. Baird lifted their target price on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.