Dynamic Technology Lab Private Ltd Sells 16,678 Shares of The TJX Companies, Inc. (NYSE:TJX)

Dynamic Technology Lab Private Ltd cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 79.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,215 shares of the apparel and home fashions retailer’s stock after selling 16,678 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in TJX Companies were worth $509,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TJX. Bogart Wealth LLC bought a new stake in shares of TJX Companies during the fourth quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies in the 4th quarter valued at $26,000. SOA Wealth Advisors LLC. acquired a new position in TJX Companies in the 4th quarter valued at $30,000. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth $30,000. Finally, Promus Capital LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at about $32,000. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TJX. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. 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. Wells Fargo & Company lifted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, Barclays increased their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $135.76.

TJX Companies Price Performance

TJX stock opened at $120.06 on Wednesday. The stock has a market cap of $134.11 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 2.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a 50 day simple moving average of $121.40 and a 200 day simple moving average of $120.42. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.33.

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 (EPS) 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 company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies’s payout ratio is 39.91%.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated 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. 0.13% of the stock is currently owned by insiders.

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.