Wellington Management Group LLP Has $4.21 Billion Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Wellington Management Group LLP cut its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,836,179 shares of the apparel and home fashions retailer's stock after selling 2,871,443 shares during the quarter. TJX Companies makes up approximately 0.8% of Wellington Management Group LLP's investment portfolio, making the stock its 18th largest holding. Wellington Management Group LLP owned approximately 3.10% of TJX Companies worth $4,208,559,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of TJX Companies by 1.7% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock worth $603,000 after buying an additional 84 shares in the last quarter. Nwam LLC increased its position in TJX Companies by 2.0% during the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock worth $524,000 after acquiring an additional 84 shares during the period. One Charles Private Wealth Services LLC raised its stake in TJX Companies by 5.0% in the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock worth $218,000 after purchasing an additional 86 shares in the last quarter. Hamilton Capital LLC boosted its holdings in TJX Companies by 3.9% in the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer's stock valued at $273,000 after purchasing an additional 90 shares during the period. Finally, Breakwater Capital Group grew its position in shares of TJX Companies by 1.2% during the 4th quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer's stock worth $930,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TJX. UBS Group increased their price target on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Jefferies Financial Group upped their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Finally, Morgan Stanley upped their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $135.06.

TJX Companies Trading Up 0.7 %

TJX Companies stock traded up $0.88 during trading hours on Tuesday, hitting $122.68. The stock had a trading volume of 4,781,897 shares, compared to its average volume of 5,204,289. The business's 50 day simple moving average is $121.61 and its 200-day simple moving average is $120.26. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The stock has a market cap of $137.92 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 2.75 and a beta of 0.96. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last issued 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 analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS 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 paid a $0.425 dividend. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's payout ratio is currently 35.21%.

Insider Activity at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the business'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 value of $988,240.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the company's 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 in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

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.