Vectors Research Management LLC Cuts Stake in The TJX Companies, Inc. (NYSE:TJX)

Vectors Research Management LLC lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,240 shares of the apparel and home fashions retailer’s stock after selling 161 shares during the quarter. Vectors Research Management LLC’s holdings in TJX Companies were worth $2,687,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Norges Bank purchased a new stake in shares of TJX Companies during the fourth quarter valued at approximately $1,670,565,000. Raymond James Financial Inc. purchased a new stake in TJX Companies during the 4th quarter worth $570,342,000. Capital Research Global Investors increased its stake in TJX Companies by 689.6% during the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock worth $313,512,000 after buying an additional 2,266,415 shares during the period. DJE Kapital AG acquired a new position in TJX Companies in the 4th quarter worth $140,068,000. Finally, Provident Trust Co. boosted its position in TJX Companies by 71.3% in the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock valued at $328,984,000 after buying an additional 1,133,486 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TJX shares. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays lifted their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. BMO Capital Markets upped their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company raised their price objective 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. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.76.

TJX Companies Stock Performance

Shares of TJX opened at $127.51 on Monday. The firm has a fifty day moving average of $121.84 and a 200-day moving average of $121.08. The company has a market cap 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. The TJX Companies, Inc. has a 1 year low of $93.32 and a 1 year high of $131.30.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $16.24 billion. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.33%. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s payout ratio is presently 39.91%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred 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. 0.13% of the stock is currently owned by insiders.

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.