Insigneo Advisory Services LLC Trims Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Insigneo Advisory Services LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 22.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,137 shares of the apparel and home fashions retailer’s stock after selling 3,235 shares during the period. Insigneo Advisory Services LLC’s holdings in TJX Companies were worth $1,345,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Main Street Financial Solutions LLC grew its holdings in TJX Companies by 10.8% during the 4th quarter. Main Street Financial Solutions LLC now owns 18,306 shares of the apparel and home fashions retailer’s stock valued at $2,212,000 after buying an additional 1,778 shares in the last quarter. Delaney Dennis R boosted its position in shares of TJX Companies by 1.8% in the fourth quarter. Delaney Dennis R now owns 47,859 shares of the apparel and home fashions retailer’s stock valued at $5,782,000 after acquiring an additional 850 shares during the period. AGP Franklin LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $2,744,000. Ontario Teachers Pension Plan Board increased its holdings in TJX Companies by 45.8% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 6,900 shares of the apparel and home fashions retailer’s stock worth $834,000 after acquiring an additional 2,169 shares during the period. Finally, Rossby Financial LCC purchased a new stake in TJX Companies in the 4th quarter worth approximately $765,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $126.25 on Thursday. The company has a market capitalization of $141.03 billion, a P/E ratio of 29.71, 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 $131.30. 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 stock has a 50 day moving average price of $121.73 and a two-hundred day moving average price of $120.86.

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, 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 business had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. Analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a yield of 1.35%. TJX Companies’s dividend payout ratio is presently 39.91%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TJX. Robert W. Baird upped their price target on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Barclays upped their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. BMO Capital Markets upped their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $128.00 to $140.00 in a research report on Thursday, April 3rd. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $135.76.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

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.