Faithward Advisors LLC Sells 3,420 Shares of The TJX Companies, Inc. (NYSE:TJX)

Faithward Advisors LLC trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 54.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,823 shares of the apparel and home fashions retailer's stock after selling 3,420 shares during the period. Faithward Advisors LLC's holdings in TJX Companies were worth $341,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Bogart Wealth LLC bought a new position in shares of TJX Companies during the fourth quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies in the fourth quarter valued at $26,000. SOA Wealth Advisors LLC. bought a new position in TJX Companies during the 4th quarter worth $30,000. Millstone Evans Group LLC acquired a new position in TJX Companies during the 4th quarter worth about $30,000. Finally, Promus Capital LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $32,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TJX has been the topic of a number of recent analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Wells Fargo & Company lifted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, January 10th. Barclays upped their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. StockNews.com lowered TJX Companies from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, BMO Capital Markets upped their target price on TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.76.

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TJX Companies Stock Up 0.6 %

Shares of TJX Companies stock traded up $0.75 on Friday, hitting $128.22. The company had a trading volume of 6,934,458 shares, compared to its average volume of 5,362,316. The stock has a market capitalization of $143.24 billion, a price-to-earnings ratio of 30.17, 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 TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $129.02. The stock has a 50 day moving average of $121.55 and a 200-day moving average of $120.68.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.33%. 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 is 39.91%.

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies 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. Insiders own 0.13% of the company's stock.

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.