Ossiam Sells 367,095 Shares of The TJX Companies, Inc. (NYSE:TJX)

Ossiam trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 77.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,789 shares of the apparel and home fashions retailer's stock after selling 367,095 shares during the quarter. Ossiam's holdings in TJX Companies were worth $13,264,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TJX. Howard Capital Management Group LLC raised its stake in shares of TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer's stock worth $27,208,000 after purchasing an additional 69,489 shares during the period. Morse Asset Management Inc increased its holdings in TJX Companies by 10.6% during the third quarter. Morse Asset Management Inc now owns 3,015 shares of the apparel and home fashions retailer's stock worth $354,000 after buying an additional 290 shares during the last quarter. Wealthquest Corp bought a new stake in TJX Companies in the third quarter worth about $238,000. World Investment Advisors LLC boosted its stake in TJX Companies by 691.6% in the third quarter. World Investment Advisors LLC now owns 71,837 shares of the apparel and home fashions retailer's stock valued at $8,444,000 after acquiring an additional 62,762 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its position in shares of TJX Companies by 28.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 238,649 shares of the apparel and home fashions retailer's stock valued at $28,051,000 after acquiring an additional 53,264 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Barclays upped their price objective on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a report on Wednesday. Wells Fargo & Company upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Robert W. Baird upped their price target 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. Finally, Morgan Stanley lifted their price objective 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. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $135.76.

TJX Companies Trading Down 0.4 %

Shares of TJX Companies stock traded down $0.44 during trading on Wednesday, reaching $125.27. The company's stock had a trading volume of 2,331,123 shares, compared to its average volume of 5,373,229. 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 52-week low of $93.39 and a 52-week high of $131.30. The firm's 50-day moving average is $121.83 and its two-hundred day moving average is $121.18. The company has a market cap of $139.94 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (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 analysts' expectations of $16.24 billion. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business 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. The ex-dividend date of this dividend 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 yield of 1.36%. TJX Companies's dividend payout ratio (DPR) is 39.91%.

Insider Buying and Selling at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the 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 transaction, the chief executive officer now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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.