Philadelphia Trust Co. Reduces Position in The TJX Companies, Inc. (NYSE:TJX)

Philadelphia Trust Co. reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,538 shares of the apparel and home fashions retailer's stock after selling 2,234 shares during the period. Philadelphia Trust Co.'s holdings in TJX Companies were worth $6,710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TJX. Vanguard Group Inc. increased its holdings in shares of TJX Companies by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock worth $11,998,201,000 after buying an additional 578,948 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of TJX Companies by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock valued at $2,930,965,000 after buying an additional 464,995 shares in the last quarter. Norges Bank bought a new position in shares of TJX Companies during the 4th quarter worth approximately $1,670,565,000. Invesco Ltd. increased its stake in shares of TJX Companies by 4.3% during the fourth quarter. Invesco Ltd. now owns 8,753,021 shares of the apparel and home fashions retailer's stock worth $1,057,452,000 after purchasing an additional 363,879 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of TJX Companies by 9.9% in the third quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer's stock valued at $837,951,000 after buying an additional 657,529 shares during the period. 91.09% of the stock is currently owned by institutional investors.

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Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction dated 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

TJX Companies Stock Down 1.7 %

Shares of TJX traded down $2.25 during midday trading on Tuesday, reaching $128.35. 4,968,296 shares of the company were exchanged, compared to its average volume of 5,367,618. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $131.37. The company has a market cap of $143.38 billion, a price-to-earnings ratio of 30.20, a P/E/G ratio of 2.75 and a beta of 0.86. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $121.65 and a 200-day moving average price of $120.77.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently declared 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. This represents a $1.70 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio (DPR) is 39.91%.

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.