Massachusetts Financial Services Co. MA trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,329,596 shares of the apparel and home fashions retailer's stock after selling 137,945 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.21% of TJX Companies worth $281,438,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in TJX Companies by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after buying an additional 578,948 shares in the last quarter. State Street Corp grew its stake in shares of TJX Companies by 1.0% during the third quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer's stock worth $5,589,783,000 after acquiring an additional 469,287 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of TJX Companies by 1.9% during 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 during the last quarter. Norges Bank acquired a new position in shares of TJX Companies during the fourth quarter valued at about $1,670,565,000. Finally, Franklin Resources Inc. raised its position in shares of TJX Companies by 9.9% in the 3rd 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 purchasing an additional 657,529 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.
TJX Companies Stock Performance
Shares of TJX traded down $3.51 during trading hours on Friday, hitting $121.92. The stock had a trading volume of 12,959,431 shares, compared to its average volume of 5,267,162. The firm has a market capitalization of $137.06 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 2.75 and a beta of 0.96. 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 firm has a 50-day moving average price of $121.69 and a 200 day moving average price of $120.37. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.33.
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, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.
TJX Companies Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a $0.425 dividend. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's dividend payout ratio (DPR) is presently 35.21%.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. UBS Group upped their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Robert W. Baird upped their target price on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. StockNews.com cut TJX Companies from a "buy" rating to a "hold" rating in a research report on Friday. Morgan Stanley increased their price objective on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.76.
Check Out Our Latest Analysis on TJX
Insider Activity
In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was 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. Company insiders own 0.13% of the company's stock.
TJX Companies Company Profile
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Free Report)
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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