The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 168,870 shares of the apparel and home fashions retailer's stock after selling 8,920 shares during the period. Sit Investment Associates Inc.'s holdings in TJX Companies were worth $20,401,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TJX. Congress Asset Management Co. raised its stake in TJX Companies by 1.1% in the 4th 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 last quarter. Atlas Legacy Advisors LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth about $433,000. BLB&B Advisors LLC raised its position in shares of TJX Companies by 2.8% in the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock valued at $9,795,000 after buying an additional 2,201 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of TJX Companies by 12.1% during 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 buying an additional 3,691 shares during the period. Finally, Boyd Watterson Asset Management LLC OH purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $604,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Robert W. Baird raised their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and raised their price target for the stock from $128.00 to $140.00 in a research note on Thursday, April 3rd. StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Finally, BMO Capital Markets boosted their target price on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Two 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, TJX Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.76.

TJX Companies Stock Up 1.4 %

Shares of NYSE:TJX traded up $1.64 during mid-day trading on Wednesday, hitting $121.67. 3,081,853 shares of the company traded hands, compared to its average volume of 5,308,908. The firm has a market cap of $135.91 billion, a P/E ratio of 28.63, a PEG ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.33. The firm's 50 day simple moving average is $121.40 and its 200 day simple moving average is $120.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently announced 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 is an increase from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.40%. 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 that occurred on Wednesday, March 5th. The shares were 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 of the company's stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Corporate 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.