Welch & Forbes LLC Sells 5,496 Shares of The TJX Companies, Inc. (NYSE:TJX)

Welch & Forbes LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 787,381 shares of the apparel and home fashions retailer's stock after selling 5,496 shares during the period. TJX Companies makes up about 1.2% of Welch & Forbes LLC's investment portfolio, making the stock its 25th biggest position. Welch & Forbes LLC owned approximately 0.07% of TJX Companies worth $95,124,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TJX. Congress Asset Management Co. increased its position in TJX Companies by 1.1% in the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock worth $148,456,000 after buying an additional 13,036 shares in the last quarter. Atlas Legacy Advisors LLC purchased a new stake in TJX Companies in the 4th quarter worth approximately $433,000. BLB&B Advisors LLC lifted its holdings in TJX Companies by 2.8% during the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock valued at $9,795,000 after purchasing an additional 2,201 shares in the last quarter. Empowered Funds LLC boosted its position in shares of TJX Companies by 12.1% in the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock worth $4,130,000 after purchasing an additional 3,691 shares during the period. Finally, Boyd Watterson Asset Management LLC OH purchased a new stake in shares of TJX Companies in the fourth quarter worth $604,000. Institutional investors own 91.09% of the company's stock.

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Insiders Place Their Bets

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 approximately $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 can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the 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.

TJX Companies Trading Down 1.2 %

NYSE TJX traded down $1.47 on Friday, hitting $119.18. 6,230,022 shares of the stock were exchanged, compared to its average volume of 4,864,261. 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 52-week low of $92.35 and a 52-week high of $128.00. The firm has a market capitalization of $133.98 billion, a P/E ratio of 28.04, a P/E/G ratio of 2.75 and a beta of 0.96. The stock has a fifty day moving average price of $122.77 and a two-hundred day moving average price of $120.36.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. Research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th were given a $0.375 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.26%. TJX Companies's dividend payout ratio (DPR) is 35.21%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TJX. Wells Fargo & Company upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upped their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Guggenheim lifted their target price on TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Evercore ISI upped their price target on TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Finally, Robert W. Baird lifted their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $135.06.

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.