United Capital Financial Advisors LLC Lowers Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

United Capital Financial Advisors LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,463 shares of the apparel and home fashions retailer's stock after selling 4,447 shares during the quarter. United Capital Financial Advisors LLC's holdings in TJX Companies were worth $6,700,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howard Capital Management Group LLC grew its position in shares of TJX Companies by 42.9% in the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer's stock worth $27,208,000 after buying an additional 69,489 shares during the last quarter. Morse Asset Management Inc raised its position in TJX Companies by 10.6% during the third quarter. Morse Asset Management Inc now owns 3,015 shares of the apparel and home fashions retailer's stock valued at $354,000 after acquiring an additional 290 shares in the last quarter. Wealthquest Corp purchased a new stake in TJX Companies during the third quarter worth $238,000. World Investment Advisors LLC increased its stake in shares of TJX Companies by 691.6% in the 3rd quarter. World Investment Advisors LLC now owns 71,837 shares of the apparel and home fashions retailer's stock valued at $8,444,000 after purchasing an additional 62,762 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of TJX Companies by 28.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 238,649 shares of the apparel and home fashions retailer's stock worth $28,051,000 after buying an additional 53,264 shares during the period. 91.09% of the stock is owned by institutional investors.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction 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 directly owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the business's 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. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Tuesday. BMO Capital Markets increased their price target on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Barclays lifted their target price on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. Finally, Robert W. Baird lifted their price target on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and an average target price of $135.76.

TJX Companies Trading Up 0.9 %

NYSE:TJX traded up $1.20 during trading hours on Friday, hitting $127.51. The stock had a trading volume of 5,554,218 shares, compared to its average volume of 5,386,001. The company has a market cap of $142.44 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $131.30. 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 business's 50 day moving average is $121.84 and its 200-day moving average is $121.01.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results 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. The company 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%. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a $0.425 dividend. 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 1.33%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's payout ratio is presently 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.