Pioneer Trust Bank N A OR Sells 4,690 Shares of The TJX Companies, Inc. (NYSE:TJX)

Pioneer Trust Bank N A OR reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,383 shares of the apparel and home fashions retailer's stock after selling 4,690 shares during the period. Pioneer Trust Bank N A OR's holdings in TJX Companies were worth $5,362,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Kidder Stephen W raised its holdings in TJX Companies by 0.4% in the fourth quarter. Kidder Stephen W now owns 75,522 shares of the apparel and home fashions retailer's stock valued at $9,124,000 after acquiring an additional 274 shares in the last quarter. Broderick Brian C raised its stake in shares of TJX Companies by 3.6% in the 4th quarter. Broderick Brian C now owns 109,629 shares of the apparel and home fashions retailer's stock valued at $13,244,000 after purchasing an additional 3,765 shares in the last quarter. Savoir Faire Capital Management L.P. raised its stake in shares of TJX Companies by 131.3% in the 4th quarter. Savoir Faire Capital Management L.P. now owns 70,061 shares of the apparel and home fashions retailer's stock valued at $8,464,000 after purchasing an additional 39,777 shares in the last quarter. Landscape Capital Management L.L.C. lifted its position in shares of TJX Companies by 7.5% during the fourth quarter. Landscape Capital Management L.L.C. now owns 22,311 shares of the apparel and home fashions retailer's stock worth $2,695,000 after purchasing an additional 1,549 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in TJX Companies by 7.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,471 shares of the apparel and home fashions retailer's stock worth $299,000 after purchasing an additional 161 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In related news, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and boosted their price target for the company from $128.00 to $140.00 in a report on Thursday. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Barclays raised their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Robert W. Baird raised their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $135.76.

TJX Companies Price Performance

Shares of NYSE:TJX traded down $3.51 on Friday, reaching $121.92. 12,959,431 shares of the company traded hands, compared to its average volume of 5,264,766. The stock has a market capitalization of $136.20 billion, a PE ratio of 28.69, 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 current ratio of 1.19 and a quick ratio of 0.50. The company's 50 day moving average is $121.69 and its 200-day moving average is $120.37. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.33.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The business 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%. As a group, analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given 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 dividend on an annualized basis and a yield of 1.39%. TJX Companies's payout ratio is presently 39.91%.

About TJX Companies

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.