The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Puzo Michael J

Puzo Michael J trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,372 shares of the apparel and home fashions retailer's stock after selling 3,573 shares during the period. TJX Companies comprises 2.7% of Puzo Michael J's investment portfolio, making the stock its 17th largest position. Puzo Michael J's holdings in TJX Companies were worth $9,831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Congress Asset Management Co. raised its position in TJX Companies by 1.1% in the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock valued at $148,456,000 after purchasing an additional 13,036 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at about $433,000. BLB&B Advisors LLC lifted its position in TJX Companies by 2.8% during the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock worth $9,795,000 after acquiring an additional 2,201 shares in the last quarter. Empowered Funds LLC grew its position in TJX Companies by 12.1% in 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 acquiring an additional 3,691 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH purchased a new stake in shares of TJX Companies during the fourth quarter valued at approximately $604,000. Institutional investors and hedge funds own 91.09% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms recently weighed in on TJX. 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. Wells Fargo & Company raised their target price on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. Robert W. Baird lifted their target price on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and increased their price target for the company from $128.00 to $140.00 in a report on Thursday. Finally, StockNews.com downgraded TJX Companies from a "buy" rating to a "hold" rating in a report on Friday. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $135.76.

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $3.51 during trading on Friday, reaching $121.92. 12,959,431 shares of the company's stock traded hands, compared to its average volume of 5,264,766. The stock has a market capitalization of $136.20 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.33. The company has a 50 day moving average of $121.69 and a 200-day moving average of $120.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly 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 net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently declared 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. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's payout ratio is 39.91%.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction 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. 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.