The TJX Companies, Inc. (NYSE:TJX) Position Reduced by Rathbones Group PLC

Rathbones Group PLC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,016,540 shares of the apparel and home fashions retailer's stock after selling 39,172 shares during the quarter. Rathbones Group PLC owned approximately 0.09% of TJX Companies worth $122,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of 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 worth $11,998,201,000 after purchasing an additional 578,948 shares during the last quarter. Geode Capital Management LLC boosted its position in 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 stake in TJX Companies during the fourth quarter worth approximately $1,670,565,000. Invesco Ltd. grew its stake in TJX Companies by 4.3% in the 4th quarter. Invesco Ltd. now owns 8,753,021 shares of the apparel and home fashions retailer's stock worth $1,057,452,000 after acquiring an additional 363,879 shares during the period. Finally, Franklin Resources Inc. raised its holdings in 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 acquiring an additional 657,529 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

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TJX Companies Stock Up 0.8 %

TJX Companies stock traded up $1.05 during trading on Friday, reaching $128.52. 2,961,401 shares of the company's stock were exchanged, compared to its average volume of 5,339,499. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.99. The firm has a market cap of $143.57 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 2.75 and a beta of 0.86. 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 company's 50-day moving average is $121.49 and its two-hundred day moving average is $120.59.

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 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio (DPR) is currently 39.91%.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the firm's 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 sale, the chief executive officer now directly 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 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 dated 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. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

TJX has been the topic of several analyst reports. Wells Fargo & Company raised their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 10th. BMO Capital Markets raised their price target on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. UBS Group upped their price objective 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. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. Finally, Barclays boosted their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $135.76.

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.