The TJX Companies, Inc. (NYSE:TJX) Director Alan M. Bennett Sells 8,000 Shares of Stock

The TJX Companies, Inc. (NYSE:TJX) Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

TJX Companies Price Performance

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

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

Hedge Funds Weigh In On TJX Companies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bogart Wealth LLC bought a new position in TJX Companies during the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the 4th quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the 3rd quarter worth approximately $29,000. Legacy Investment Solutions LLC bought a new position in TJX Companies during the 3rd quarter worth approximately $30,000. Finally, Truvestments Capital LLC bought a new position in TJX Companies during the 3rd quarter worth approximately $29,000. 91.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Barclays increased their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Morgan Stanley increased their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has a consensus 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.