Fiduciary Management Inc. WI Sells 44,746 Shares of The TJX Companies, Inc. (NYSE:TJX)

Fiduciary Management Inc. WI trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 709,138 shares of the apparel and home fashions retailer’s stock after selling 44,746 shares during the quarter. Fiduciary Management Inc. WI owned 0.06% of TJX Companies worth $85,671,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TJX. Freedom Investment Management Inc. increased its stake in TJX Companies by 5.0% in the 4th quarter. Freedom Investment Management Inc. now owns 5,208 shares of the apparel and home fashions retailer’s stock worth $629,000 after buying an additional 250 shares during the period. Generation Capital Management LLC bought a new position in TJX Companies in the 4th quarter worth about $285,000. Infusive Asset Management Inc. purchased a new position in shares of TJX Companies during the fourth quarter worth approximately $2,575,000. GeoWealth Management LLC raised its stake in shares of TJX Companies by 13.1% during the fourth quarter. GeoWealth Management LLC now owns 33,569 shares of the apparel and home fashions retailer’s stock valued at $4,055,000 after acquiring an additional 3,890 shares in the last quarter. Finally, Cadence Bank boosted its holdings in shares of TJX Companies by 28.4% in the fourth quarter. Cadence Bank now owns 9,134 shares of the apparel and home fashions retailer’s stock valued at $1,103,000 after purchasing an additional 2,019 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TJX shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Morgan Stanley lifted their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. BMO Capital Markets raised their target price on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Barclays upped their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $135.76.

Insiders Place Their Bets

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated 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 filing with the SEC, which is available through this link. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at $59,569,772.67. The trade was 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 insiders.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $127.51 on Friday. The company has a 50 day moving average price of $121.84 and a 200 day moving average price of $121.01. The firm has a market capitalization of $142.44 billion, a P/E ratio of 30.00, a PEG ratio of 2.75 and a beta of 0.86. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $131.30.

TJX Companies (NYSE:TJX) last posted 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 analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.33%. The ex-dividend date 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%.

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.