Renaissance Technologies LLC Sells 677,700 Shares of The TJX Companies, Inc. (NYSE:TJX)

Renaissance Technologies LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,139,400 shares of the apparel and home fashions retailer's stock after selling 677,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.10% of TJX Companies worth $137,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Bogart Wealth LLC bought a new position in TJX Companies during the 4th quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies in the fourth quarter valued at $26,000. SOA Wealth Advisors LLC. bought a new position in TJX Companies in the 4th quarter worth $30,000. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies in the 4th quarter worth about $30,000. Finally, Promus Capital LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at about $32,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Alan M. Bennett sold 8,000 shares of the company'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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the business's 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 completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Barclays upped their target price on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. StockNews.com cut shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Wells Fargo & Company upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 10th. Finally, Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and upped their price target for the stock from $128.00 to $140.00 in a research note on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $135.76.

TJX Companies Stock Performance

Shares of TJX traded up $0.75 on Friday, reaching $128.22. The company's stock had a trading volume of 6,934,458 shares, compared to its average volume of 5,362,316. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $129.02. The stock has a market capitalization of $143.24 billion, a P/E ratio of 30.17, a PEG ratio of 2.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock's 50 day simple moving average is $121.55 and its two-hundred day simple moving average is $120.68.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $16.24 billion. Research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal 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 given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.33%. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's dividend payout ratio (DPR) is presently 39.91%.

TJX Companies Company 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.