Capital Group Private Client Services Inc. Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Capital Group Private Client Services Inc. decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,562 shares of the apparel and home fashions retailer’s stock after selling 2,826 shares during the period. Capital Group Private Client Services Inc.’s holdings in TJX Companies were worth $17,585,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Congress Asset Management Co. increased its stake in TJX Companies by 1.1% in the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after purchasing an additional 13,036 shares during the last quarter. Atlas Legacy Advisors LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $433,000. BLB&B Advisors LLC raised its stake in TJX Companies by 2.8% during the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock worth $9,795,000 after purchasing an additional 2,201 shares during the period. Empowered Funds LLC grew its stake in shares of TJX Companies by 12.1% during the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock valued at $4,130,000 after buying an additional 3,691 shares during the period. Finally, Boyd Watterson Asset Management LLC OH acquired a new stake in shares of TJX Companies during the 4th quarter worth $604,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TJX. Barclays raised their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. UBS Group lifted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company increased their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Finally, Morgan Stanley boosted their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.76.

TJX Companies Stock Up 0.9 %

NYSE:TJX opened at $127.51 on Friday. The stock has a 50-day simple moving average of $121.84 and a 200 day simple moving average of $121.01. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $131.30. The company has a market capitalization of $142.44 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. 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 issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating 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 business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid 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 annualized dividend and a yield of 1.33%. TJX Companies’s dividend payout ratio 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.