Marshfield Associates Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Marshfield Associates trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,260,158 shares of the apparel and home fashions retailer's stock after selling 68,110 shares during the period. TJX Companies accounts for approximately 5.9% of Marshfield Associates' holdings, making the stock its 8th biggest position. Marshfield Associates owned approximately 0.20% of TJX Companies worth $273,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Congress Asset Management Co. grew its holdings in TJX Companies by 1.1% in the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock worth $148,456,000 after buying an additional 13,036 shares in the last quarter. Atlas Legacy Advisors LLC bought a new position in shares of TJX Companies in the fourth quarter worth $433,000. BLB&B Advisors LLC increased its holdings in shares of TJX Companies by 2.8% during the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock valued at $9,795,000 after purchasing an additional 2,201 shares during the period. Empowered Funds LLC raised its stake in shares of TJX Companies by 12.1% during the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock valued at $4,130,000 after purchasing an additional 3,691 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new stake in TJX Companies in the fourth quarter worth about $604,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Trading Up 0.1 %

TJX Companies stock opened at $126.64 on Monday. 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 TJX Companies, Inc. has a 12 month low of $93.39 and a 12 month high of $131.30. The company's fifty day simple moving average is $121.95 and its 200-day simple moving average is $121.51. The stock has a market cap of $141.47 billion, a P/E ratio of 29.80, a P/E/G ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results 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. 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 the consensus estimate of $16.24 billion. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, May 15th. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio (DPR) is presently 39.91%.

Insider Buying and Selling 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 value of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated 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.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research analyst reports. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Robert W. Baird boosted their target price on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. BMO Capital Markets increased their price target on TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Wells Fargo & Company lifted their price target on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, January 10th. Finally, Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and upped their price objective for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of "Moderate Buy" and an average price target of $137.38.

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.

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