Mirabaud Asset Management Ltd cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,053 shares of the apparel and home fashions retailer's stock after selling 17,617 shares during the quarter. TJX Companies makes up about 4.0% of Mirabaud Asset Management Ltd's investment portfolio, making the stock its 9th biggest position. Mirabaud Asset Management Ltd's holdings in TJX Companies were worth $8,604,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of TJX Companies during the 4th quarter valued at about $1,670,565,000. Raymond James Financial Inc. bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $570,342,000. DJE Kapital AG bought a new position in TJX Companies during the fourth quarter valued at $140,068,000. Provident Trust Co. grew its position in TJX Companies by 71.3% in the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer's stock worth $328,984,000 after acquiring an additional 1,133,486 shares in the last quarter. Finally, Capital Wealth Planning LLC increased its position in shares of TJX Companies by 39.1% during the 4th quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer's stock valued at $441,953,000 after purchasing an additional 1,027,456 shares during the last quarter. Institutional investors own 91.09% of the company's stock.
Insiders Place Their Bets
In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the company'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 transaction, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.
TJX Companies Stock Up 2.0 %
NYSE TJX traded up $2.40 during trading on Wednesday, hitting $122.43. The company's stock had a trading volume of 3,358,578 shares, compared to its average volume of 5,277,414. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.33. 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 company has a market cap of $136.77 billion, a PE ratio of 28.81, a P/E/G ratio of 2.75 and a beta of 0.86. The business's 50 day simple moving average is $121.40 and its 200-day simple moving average is $120.42.
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 net margin of 8.63% and a return on equity of 61.82%. 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 EPS for the current fiscal year.
TJX Companies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a $0.425 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a yield of 1.39%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is currently 39.91%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on TJX shares. Citigroup raised 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 report on Thursday, April 3rd. Morgan Stanley lifted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. UBS Group upped their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Robert W. Baird lifted their price target on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets increased their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $135.76.
View Our Latest Stock Report on TJX Companies
TJX Companies Company Profile
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Free Report)
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.
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