Zacks Investment Management Reduces Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Zacks Investment Management cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,360 shares of the apparel and home fashions retailer's stock after selling 6,340 shares during the quarter. Zacks Investment Management's holdings in TJX Companies were worth $28,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC bought a new position in TJX Companies in the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies during the fourth quarter worth $26,000. SOA Wealth Advisors LLC. acquired a new stake in shares of TJX Companies in the fourth quarter valued at $30,000. Millstone Evans Group LLC purchased a new stake in TJX Companies during the 4th quarter worth approximately $30,000. Finally, Promus Capital LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred 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.

Analysts Set New Price Targets

Several research firms have commented on TJX. Barclays upped their price objective on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. UBS Group lifted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. BMO Capital Markets increased their target price on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. 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 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. According to data from MarketBeat.com, TJX Companies has an average rating of "Moderate Buy" and a consensus target price of $135.76.

TJX Companies Trading Up 0.9 %

Shares of TJX stock traded up $1.20 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 firm has a market capitalization of $142.44 billion, a P/E ratio of 30.00, a P/E/G ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $131.30. 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 price is $121.78 and its 200-day moving average price is $120.93.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating 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 company had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently announced 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%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio (DPR) 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.