Summit Investment Advisors Inc. Sells 1,097 Shares of The TJX Companies, Inc. (NYSE:TJX)

Summit Investment Advisors Inc. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,717 shares of the apparel and home fashions retailer’s stock after selling 1,097 shares during the quarter. Summit Investment Advisors Inc.’s holdings in TJX Companies were worth $4,315,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Alapocas Investment Partners Inc. boosted its position in shares of TJX Companies by 0.4% during the fourth quarter. Alapocas Investment Partners Inc. now owns 89,148 shares of the apparel and home fashions retailer’s stock worth $10,770,000 after acquiring an additional 335 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new position in TJX Companies during the 4th quarter valued at approximately $5,436,000. Townsquare Capital LLC boosted its position in shares of TJX Companies by 17.0% during the 4th quarter. Townsquare Capital LLC now owns 77,193 shares of the apparel and home fashions retailer’s stock valued at $9,326,000 after acquiring an additional 11,229 shares during the last quarter. Crux Wealth Advisors purchased a new position in shares of TJX Companies in the fourth quarter valued at $834,000. Finally, Nicolet Bankshares Inc. increased its position in TJX Companies by 2.1% in the fourth quarter. Nicolet Bankshares Inc. now owns 14,859 shares of the apparel and home fashions retailer’s stock worth $1,795,000 after purchasing an additional 311 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX stock opened at $128.22 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 TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $129.02. The business has a 50-day moving average price of $121.55 and a 200 day moving average price of $120.66. The company has a market capitalization of $143.24 billion, a P/E ratio of 30.17, a PEG ratio of 2.75 and a beta of 0.86.

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

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a yield of 1.33%. TJX Companies’s payout ratio is currently 39.91%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Robert W. Baird upped their price objective on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Morgan Stanley raised their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $128.00 to $140.00 in a research note on Thursday, April 3rd. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. Finally, Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $135.76.

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.