Insigneo Advisory Services LLC Sells 3,235 Shares of The TJX Companies, Inc. (NYSE:TJX)

Insigneo Advisory Services LLC cut its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 22.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,137 shares of the apparel and home fashions retailer's stock after selling 3,235 shares during the quarter. Insigneo Advisory Services LLC's holdings in TJX Companies were worth $1,345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of TJX. Bogart Wealth LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at $26,000. SOA Wealth Advisors LLC. purchased a new stake in shares of TJX Companies during the fourth quarter worth about $30,000. Millstone Evans Group LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $30,000. Finally, Promus Capital LLC bought a new stake in shares of TJX Companies in the fourth quarter worth about $32,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction that occurred 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 filing with the SEC, which can be accessed through this hyperlink. 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 transaction 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 disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BMO Capital Markets raised their price target on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Morgan Stanley lifted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. Barclays boosted their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, StockNews.com downgraded TJX Companies from a "buy" rating to a "hold" rating in a research report on Tuesday. Two equities research 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.76.

TJX Companies Trading Up 0.9 %

NYSE TJX traded up $1.20 during mid-day trading on Friday, hitting $127.51. The company's stock had a trading volume of 5,554,218 shares, compared to its average volume of 5,386,001. The stock's fifty day simple moving average is $121.84 and its two-hundred day simple moving average is $121.01. 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 52-week low of $92.35 and a 52-week high of $131.30. The firm has a market capitalization of $142.44 billion, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

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 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion for 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%. Research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

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

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.