Jump Financial LLC Decreases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Jump Financial LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 52.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 49,392 shares of the apparel and home fashions retailer’s stock after selling 54,368 shares during the quarter. Jump Financial LLC’s holdings in TJX Companies were worth $5,967,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies during the fourth quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the 4th quarter valued at about $26,000. SOA Wealth Advisors LLC. purchased a new stake in shares of TJX Companies during the 4th quarter valued at about $30,000. Millstone Evans Group LLC bought a new stake in shares of TJX Companies in the fourth quarter worth approximately $30,000. Finally, Promus Capital LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $32,000. Institutional investors own 91.09% of the company’s stock.

Insider Activity

In other 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 transaction of $988,240.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the firm’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 transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $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. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 1.7 %

Shares of TJX opened at $128.35 on Wednesday. The business’s 50 day moving average is $121.70 and its 200 day moving average is $120.82. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $131.30. The company has a market capitalization of $143.38 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

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 (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio is 39.91%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Morgan Stanley lifted their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $128.00 to $140.00 in a research note on Thursday, April 3rd. Barclays upped their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $135.76.

TJX Companies Company 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.