Jump Financial LLC Sells 54,368 Shares of The TJX Companies, Inc. (NYSE:TJX)

Jump Financial LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 52.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,392 shares of the apparel and home fashions retailer's stock after selling 54,368 shares during the period. Jump Financial LLC's holdings in TJX Companies were worth $5,967,000 as of its most recent filing with the Securities and Exchange Commission.

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

TJX Companies Price Performance

TJX stock traded up $1.20 during midday trading on Friday, reaching $127.51. 5,554,218 shares of the company's stock traded hands, compared to its average volume of 5,386,001. 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 company has a market cap of $142.44 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 2.75 and a beta of 0.86. The company has a 50-day simple moving average of $121.84 and a two-hundred day simple moving average of $121.01. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $131.30.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. The business 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%. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TJX. Barclays boosted their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and raised their target price for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. Morgan Stanley raised their target price 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. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Finally, StockNews.com cut TJX Companies from a "buy" rating to a "hold" rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $135.76.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the business'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 sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the firm'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 disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.