Legal & General Group Plc Sells 1,872,173 Shares of The TJX Companies, Inc. (NYSE:TJX)

Legal & General Group Plc lowered its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 23.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,015,062 shares of the apparel and home fashions retailer's stock after selling 1,872,173 shares during the period. Legal & General Group Plc owned approximately 0.54% of TJX Companies worth $726,680,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of TJX Companies by 0.6% in 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 acquiring an additional 578,948 shares during the period. Geode Capital Management LLC raised its stake in shares of TJX Companies by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock valued at $2,930,965,000 after purchasing an additional 464,995 shares during the period. Norges Bank purchased a new stake in TJX Companies during the 4th quarter worth about $1,670,565,000. Invesco Ltd. grew its holdings in TJX Companies by 4.3% during the 4th quarter. Invesco Ltd. now owns 8,753,021 shares of the apparel and home fashions retailer's stock valued at $1,057,452,000 after buying an additional 363,879 shares in the last quarter. Finally, Franklin Resources Inc. increased its position 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 valued at $837,951,000 after buying an additional 657,529 shares during the period. 91.09% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

TJX has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and raised their price target for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. UBS Group boosted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Morgan Stanley raised their target price 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. Finally, StockNews.com cut shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.76.

TJX Companies Trading Up 1.5 %

Shares of NYSE TJX traded up $1.88 during mid-day trading on Thursday, hitting $127.93. The stock had a trading volume of 4,153,280 shares, compared to its average volume of 5,330,660. The firm has a market cap of $142.91 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.99. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The business has a 50 day moving average price of $121.43 and a two-hundred day moving average price of $120.52.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS 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 given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.33%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's dividend payout ratio (DPR) is currently 39.91%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated Wednesday, March 5th. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies 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. Corporate insiders own 0.13% of the company's stock.

About TJX Companies

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.