US Bancorp DE Trims Stock Position in The TJX Companies, Inc. (NYSE:TJX)

US Bancorp DE lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 508,604 shares of the apparel and home fashions retailer’s stock after selling 1,853 shares during the period. US Bancorp DE’s holdings in TJX Companies were worth $61,444,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Howard Capital Management Group LLC increased its stake in shares of TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after buying an additional 69,489 shares during the period. Oak Ridge Investments LLC bought a new position in TJX Companies during the 3rd quarter worth about $203,000. Principal Securities Inc. increased its position in TJX Companies by 25.4% during the 3rd quarter. Principal Securities Inc. now owns 29,042 shares of the apparel and home fashions retailer’s stock valued at $3,414,000 after purchasing an additional 5,879 shares during the period. Lebenthal Global Advisors LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at about $308,000. Finally, Gladstone Institutional Advisory LLC lifted its position in shares of TJX Companies by 14.4% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 2,159 shares of the apparel and home fashions retailer’s stock worth $254,000 after purchasing an additional 271 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 1.1 %

NYSE:TJX opened at $124.79 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company’s fifty day moving average price is $122.98 and its 200-day moving average price is $120.02. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The firm has a market capitalization of $140.28 billion, a P/E ratio of 29.36, a PEG ratio of 2.75 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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

Insiders Place Their Bets

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the 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 is accessible through this link. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of several research reports. Jefferies Financial Group lifted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lifted their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Barclays upped their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday. Evercore ISI lifted their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.06.

About TJX Companies

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.