Stifel Financial Corp Trims Stake in The TJX Companies, Inc. (NYSE:TJX)

Stifel Financial Corp lowered its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,240,516 shares of the apparel and home fashions retailer's stock after selling 39,737 shares during the quarter. Stifel Financial Corp owned about 0.29% of TJX Companies worth $391,488,000 at the end of the most recent reporting period.

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

TJX Companies Stock Up 0.8 %

Shares of TJX traded up $1.04 during midday trading on Thursday, hitting $126.54. The company had a trading volume of 4,625,776 shares, compared to its average volume of 5,381,166. The TJX Companies, Inc. has a 1 year low of $93.39 and a 1 year high of $131.30. The firm has a market capitalization of $141.36 billion, a P/E ratio of 29.77, a P/E/G 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 simple moving average is $121.85 and its 200-day simple moving average is $121.21.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly 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 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. As a group, sell-side analysts expect 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. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, May 15th. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is 39.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TJX shares. Barclays upped their price target on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Morgan Stanley increased their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. BMO Capital Markets upped their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Finally, Robert W. Baird lifted their target price on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat, TJX Companies presently has an average rating of "Moderate Buy" and a consensus target price of $135.76.

Insider Buying and Selling at TJX Companies

In other news, 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 value of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction that occurred 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. 0.13% of the stock is owned by insiders.

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.