Metis Global Partners LLC Decreases Stake in The TJX Companies, Inc. (NYSE:TJX)

Metis Global Partners LLC lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 16.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,662 shares of the apparel and home fashions retailer’s stock after selling 8,172 shares during the quarter. Metis Global Partners LLC’s holdings in TJX Companies were worth $4,912,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. West Michigan Advisors LLC increased its position in TJX Companies by 13.7% during the fourth quarter. West Michigan Advisors LLC now owns 4,482 shares of the apparel and home fashions retailer’s stock valued at $541,000 after acquiring an additional 539 shares during the last quarter. Williamson Legacy Group LLC purchased a new stake in TJX Companies during the fourth quarter valued at $438,000. Fisher Asset Management LLC increased its position in TJX Companies by 25.8% during the fourth quarter. Fisher Asset Management LLC now owns 8,481 shares of the apparel and home fashions retailer’s stock valued at $1,025,000 after acquiring an additional 1,738 shares during the last quarter. Maple Capital Management Inc. increased its position in TJX Companies by 0.4% during the fourth quarter. Maple Capital Management Inc. now owns 221,502 shares of the apparel and home fashions retailer’s stock valued at $26,760,000 after acquiring an additional 873 shares during the last quarter. Finally, SVB Wealth LLC purchased a new stake in TJX Companies during the fourth quarter valued at $14,302,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction that occurred on 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 can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $124.79 on Friday. The stock has a 50 day moving average of $122.98 and a 200 day moving average of $119.95. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The firm has a market cap of $140.28 billion, a PE ratio of 29.36, a PEG ratio of 2.75 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS 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 company had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TJX shares. Robert W. Baird boosted their price target on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group boosted their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday. Guggenheim boosted their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Evercore ISI boosted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $135.06.

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.