Marco Investment Management LLC Sells 652 Shares of The TJX Companies, Inc. (NYSE:TJX)

Marco Investment Management LLC lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,471 shares of the apparel and home fashions retailer’s stock after selling 652 shares during the quarter. Marco Investment Management LLC’s holdings in TJX Companies were worth $3,440,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TJX. Bogart Wealth LLC bought a new position in shares of TJX Companies in the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies in the fourth quarter worth about $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies in the third quarter worth about $29,000. Truvestments Capital LLC bought a new position in shares of TJX Companies in the third quarter worth about $29,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of TJX Companies in the third quarter worth about $30,000. Institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of TJX Companies 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Performance

Shares of TJX stock opened at $120.47 on Friday. The company has a market cap of $135.43 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $122.87 and a 200-day moving average of $120.27.

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, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 13th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, February 13th. TJX Companies’s payout ratio is currently 35.21%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. TD Cowen raised their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. UBS Group raised their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Morgan Stanley raised their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, Robert W. Baird raised their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.