Beacon Pointe Advisors LLC Sells 7,298 Shares of The TJX Companies, Inc. (NYSE:TJX)

Beacon Pointe Advisors LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 16.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,089 shares of the apparel and home fashions retailer's stock after selling 7,298 shares during the period. Beacon Pointe Advisors LLC's holdings in TJX Companies were worth $4,601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. Bogart Wealth LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the fourth quarter worth $26,000. SOA Wealth Advisors LLC. bought a new stake in TJX Companies in the fourth quarter valued at $30,000. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at about $30,000. Finally, Promus Capital LLC bought a new position in TJX Companies in the fourth quarter worth approximately $32,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the firm's 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 disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $128.14 on Wednesday. The TJX Companies, Inc. has a 52 week low of $93.39 and a 52 week high of $131.30. The firm's 50-day simple moving average is $122.13 and its two-hundred day simple moving average is $121.65. The firm has a market cap of $143.14 billion, a price-to-earnings ratio of 30.15, a P/E/G ratio of 2.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX - Get Free Report) last posted 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a $0.425 dividend. This is a boost 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%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's payout ratio is currently 39.91%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TJX. Morgan Stanley upped their target price on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. UBS Group upped their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Barclays lifted their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 10th. Finally, BMO Capital Markets lifted 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. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of "Moderate Buy" and an average price target of $137.38.

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.

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