Legal & General Group Plc Decreases Position in The TJX Companies, Inc. (NYSE:TJX)

Legal & General Group Plc decreased its stake in The TJX Companies, Inc. (NYSE:TJX) by 23.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,015,062 shares of the apparel and home fashions retailer’s stock after selling 1,872,173 shares during the quarter. Legal & General Group Plc owned about 0.54% of TJX Companies worth $726,680,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Howard Capital Management Group LLC lifted its stake in TJX Companies by 42.9% in the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after purchasing an additional 69,489 shares during the last quarter. Morse Asset Management Inc grew its position in shares of TJX Companies by 10.6% during the 3rd quarter. Morse Asset Management Inc now owns 3,015 shares of the apparel and home fashions retailer’s stock worth $354,000 after buying an additional 290 shares in the last quarter. Dunhill Financial LLC lifted its position in shares of TJX Companies by 5.4% in the 3rd quarter. Dunhill Financial LLC now owns 3,273 shares of the apparel and home fashions retailer’s stock worth $385,000 after purchasing an additional 169 shares during the period. Legacy Investment Solutions LLC bought a new position in TJX Companies in the third quarter worth approximately $30,000. Finally, MML Investors Services LLC grew its stake in TJX Companies by 13.1% in the third quarter. MML Investors Services LLC now owns 128,476 shares of the apparel and home fashions retailer’s stock valued at $15,101,000 after purchasing an additional 14,866 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Barclays boosted their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. BMO Capital Markets boosted their price target on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Morgan Stanley raised their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. Finally, UBS Group raised their price target 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 investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.76.

TJX Companies Trading Down 2.8 %

Shares of TJX stock opened at $121.92 on Monday. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.33. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock’s fifty day moving average is $121.69 and its two-hundred day moving average is $120.40. The firm has a market capitalization of $136.20 billion, a P/E ratio of 28.69, a PEG ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX) last posted 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. 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 for the quarter, compared to the consensus estimate of $16.24 billion. Research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a $0.425 dividend. The ex-dividend date is Thursday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. TJX Companies’s dividend payout ratio is 39.91%.

TJX Companies 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.