The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Bragg Financial Advisors Inc

Bragg Financial Advisors Inc reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,136 shares of the apparel and home fashions retailer's stock after selling 3,028 shares during the quarter. Bragg Financial Advisors Inc's holdings in TJX Companies were worth $15,238,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies during the fourth quarter worth $26,000. SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies during the fourth quarter worth $30,000. Millstone Evans Group LLC acquired a new position in TJX Companies during the fourth quarter valued at $30,000. Finally, Promus Capital LLC purchased a new stake in TJX Companies in the fourth quarter valued at $32,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In other TJX Companies news, 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 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 $59,569,772.67. This represents a 4.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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TJX Companies Price Performance

NYSE TJX traded up $0.54 during mid-day trading on Tuesday, hitting $131.14. The stock had a trading volume of 328,156 shares, compared to its average volume of 5,349,618. The firm's 50 day moving average is $121.65 and its 200 day moving average is $120.77. 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 stock has a market capitalization of $146.49 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $131.37.

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

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.30%. TJX Companies's dividend payout ratio is 39.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Robert W. Baird boosted their price objective on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Wells Fargo & Company boosted their price target on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. UBS Group upped their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. BMO Capital Markets lifted 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. Finally, StockNews.com cut shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.76.

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.