The TJX Companies, Inc. (NYSE:TJX) Holdings Trimmed by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 7.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 55,463 shares of the apparel and home fashions retailer’s stock after selling 4,447 shares during the quarter. United Capital Financial Advisors LLC’s holdings in TJX Companies were worth $6,700,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC purchased a new position in TJX Companies in the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies in the fourth quarter worth approximately $26,000. SOA Wealth Advisors LLC. acquired a new stake in shares of TJX Companies during the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies in the 4th quarter valued at approximately $30,000. Finally, Promus Capital LLC acquired a new position in TJX Companies in the 4th quarter worth approximately $32,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TJX. BMO Capital Markets raised their target price on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird increased their price target on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Finally, UBS Group increased their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $135.76.

TJX Companies Stock Down 1.8 %

TJX Companies stock opened at $126.25 on Thursday. The firm has a market cap of $141.03 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 2.75 and a beta of 0.86. The firm has a fifty day moving average price of $121.73 and a two-hundred day moving average price of $120.86. 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 current ratio of 1.19 and a quick ratio of 0.50.

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 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 the consensus estimate of $16.24 billion. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a $0.425 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio (DPR) is currently 39.91%.

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.