Metis Global Partners LLC Trims Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Metis Global Partners LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 16.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,662 shares of the apparel and home fashions retailer’s stock after selling 8,172 shares during the quarter. Metis Global Partners LLC’s holdings in TJX Companies were worth $4,912,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies in the fourth quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter worth approximately $26,000. Capital Performance Advisors LLP purchased a new position in TJX Companies during the 3rd quarter worth $29,000. Truvestments Capital LLC purchased a new position in TJX Companies during the 3rd quarter worth $29,000. Finally, Legacy Investment Solutions LLC purchased a new position in TJX Companies during the 3rd quarter worth $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the company’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 value of $988,240.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Morgan Stanley raised their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Guggenheim raised their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets raised their target price on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Trading Up 1.1 %

Shares of TJX Companies stock opened at $124.79 on Friday. The stock has a market cap of $140.28 billion, a P/E ratio of 29.36, a P/E/G ratio of 2.75 and a beta of 0.91. The stock’s 50 day simple moving average is $122.98 and its 200-day simple moving average is $119.95. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

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.