Fmr LLC Trims Stake in The TJX Companies, Inc. (NYSE:TJX)

Fmr LLC lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 11.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,756,225 shares of the apparel and home fashions retailer’s stock after selling 4,582,779 shares during the period. Fmr LLC’s holdings in TJX Companies were worth $4,319,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Unigestion Holding SA grew its position in TJX Companies by 12.0% in the 4th quarter. Unigestion Holding SA now owns 216,291 shares of the apparel and home fashions retailer’s stock valued at $26,126,000 after acquiring an additional 23,138 shares during the last quarter. Aster Capital Management DIFC Ltd grew its holdings in shares of TJX Companies by 84.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 11,079 shares of the apparel and home fashions retailer’s stock worth $1,338,000 after purchasing an additional 5,088 shares during the last quarter. Federated Hermes Inc. increased its stake in TJX Companies by 17.5% in the 4th quarter. Federated Hermes Inc. now owns 1,282,824 shares of the apparel and home fashions retailer’s stock worth $154,978,000 after buying an additional 190,817 shares during the period. Waterloo Capital L.P. increased its stake in TJX Companies by 2.9% in the 4th quarter. Waterloo Capital L.P. now owns 13,916 shares of the apparel and home fashions retailer’s stock worth $1,681,000 after buying an additional 397 shares during the period. Finally, Peapack Gladstone Financial Corp boosted its position in TJX Companies by 0.3% in the 4th quarter. Peapack Gladstone Financial Corp now owns 464,559 shares of the apparel and home fashions retailer’s stock valued at $56,123,000 after buying an additional 1,251 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction that occurred 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 $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TJX shares. UBS Group raised their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $128.00 to $140.00 in a report on Thursday. BMO Capital Markets increased their price target on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Friday. Finally, Robert W. Baird increased their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $135.76.

TJX Companies Trading Down 2.8 %

Shares of TJX stock opened at $121.92 on Friday. The stock’s fifty day moving average is $121.69 and its two-hundred day moving average is $120.38. 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 firm has a market capitalization of $136.20 billion, a P/E ratio of 28.69, a PEG ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.33.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping 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 company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. Research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm 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 dividend of $0.425 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.39%. TJX Companies’s dividend payout ratio (DPR) is 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.