The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,180 shares of the apparel and home fashions retailer's stock after selling 19,111 shares during the period. Kovitz Investment Group Partners LLC's holdings in TJX Companies were worth $14,036,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in TJX Companies by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock worth $11,998,201,000 after purchasing an additional 578,948 shares during the last quarter. Geode Capital Management LLC increased its position in shares of TJX Companies by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock worth $2,930,965,000 after acquiring an additional 464,995 shares in the last quarter. Capital International Investors increased its position in shares of TJX Companies by 4.5% in the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after acquiring an additional 626,739 shares in the last quarter. Norges Bank acquired a new stake in shares of TJX Companies in the fourth quarter worth $1,670,565,000. Finally, Invesco Ltd. increased its position in shares of TJX Companies by 4.3% in the fourth quarter. Invesco Ltd. now owns 8,753,021 shares of the apparel and home fashions retailer's stock worth $1,057,452,000 after acquiring an additional 363,879 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available 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 stock was 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. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. 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. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Finally, BMO Capital Markets raised their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and an average price target of $137.38.

TJX Companies Stock Performance

Shares of NYSE:TJX traded up $0.55 during trading on Monday, hitting $127.11. 3,573,208 shares of the company traded hands, compared to its average volume of 5,366,230. The stock has a market capitalization of $141.99 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 2.75 and a beta of 0.86. The business's fifty day moving average is $122.02 and its 200-day moving average is $121.60. The TJX Companies, Inc. has a one year low of $93.39 and a one year high of $131.30. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, 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 business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.34%. TJX Companies's dividend payout ratio is 39.91%.

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.