Teca Partners LP Has $8.04 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Teca Partners LP decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 41.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,511 shares of the apparel and home fashions retailer's stock after selling 47,000 shares during the quarter. TJX Companies comprises approximately 5.1% of Teca Partners LP's investment portfolio, making the stock its 10th biggest holding. Teca Partners LP's holdings in TJX Companies were worth $8,035,000 at the end of the most recent quarter.

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

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the business's 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 directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan M. Bennett sold 8,000 shares of the firm'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 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 Price Performance

Shares of NYSE:TJX traded up $1.20 during trading on Friday, hitting $127.51. 5,554,218 shares of the company were exchanged, compared to its average volume of 5,386,001. The company has a market capitalization of $142.44 billion, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $131.30. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The business's 50 day moving average is $121.84 and its 200-day moving average is $121.01.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating 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 firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend 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 yield of 1.33%. TJX Companies's payout ratio is presently 39.91%.

Analyst Ratings Changes

Several equities research analysts recently commented on TJX shares. Robert W. Baird boosted their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. 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 research note on Thursday, April 3rd. UBS Group boosted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 10th. Finally, BMO Capital Markets increased their price target 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 issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.