The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Sand Hill Global Advisors LLC

Sand Hill Global Advisors LLC cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 89,441 shares of the apparel and home fashions retailer's stock after selling 3,149 shares during the quarter. Sand Hill Global Advisors LLC's holdings in TJX Companies were worth $10,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Bogart Wealth LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at approximately $26,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at $30,000. SOA Wealth Advisors LLC. purchased a new stake in TJX Companies during the fourth quarter worth $30,000. Finally, Millstone Evans Group LLC acquired a new stake in TJX Companies during the fourth quarter valued at $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of TJX stock traded up $0.75 during trading hours on Friday, reaching $128.22. The company had a trading volume of 6,934,458 shares, compared to its average volume of 5,356,695. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $129.02. 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 has a market capitalization of $143.24 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 2.75 and a beta of 0.86. The stock has a fifty day moving average of $121.55 and a 200-day moving average of $120.66.

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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 (EPS) for the quarter, topping 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 business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a $0.425 dividend. This is a boost from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.33%. TJX Companies's dividend payout ratio is 39.91%.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TJX shares. Barclays increased their target price on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Robert W. Baird upped their target price on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. Finally, Morgan Stanley upped their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, TJX Companies presently has an average rating of "Moderate Buy" and a consensus target price of $135.76.

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.