Mutual of America Capital Management LLC Sells 4,970 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mutual of America Capital Management LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 147,642 shares of the apparel and home fashions retailer’s stock after selling 4,970 shares during the period. Mutual of America Capital Management LLC’s holdings in TJX Companies were worth $17,837,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bogart Wealth LLC bought a new stake in shares of TJX Companies in the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the 4th quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the 3rd quarter valued at about $29,000. Truvestments Capital LLC bought a new position in TJX Companies during the 3rd quarter valued at about $29,000. Finally, Legacy Investment Solutions LLC bought a new position in TJX Companies during the 3rd quarter valued at about $30,000. 91.09% of the stock is currently owned by institutional investors.

Insider Activity at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Price Performance

Shares of TJX opened at $124.79 on Friday. The company has a 50 day moving average price of $122.98 and a 200-day moving average price of $119.95. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The stock has a market capitalization of $140.28 billion, a PE ratio of 29.36, a PEG ratio of 2.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last announced its quarterly 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. Equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently commented on TJX. Morgan Stanley upped their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Barclays upped their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday. BMO Capital Markets upped their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday. Finally, UBS Group upped their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $135.06.

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.