Brown Advisory Inc. Has $407.32 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Brown Advisory Inc. decreased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 19.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,371,546 shares of the apparel and home fashions retailer's stock after selling 833,178 shares during the period. Brown Advisory Inc. owned 0.30% of TJX Companies worth $407,316,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in shares of TJX Companies by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer's stock worth $837,951,000 after acquiring an additional 657,529 shares during the period. Principal Financial Group Inc. increased its stake in shares of TJX Companies by 3.6% in the third quarter. Principal Financial Group Inc. now owns 1,964,220 shares of the apparel and home fashions retailer's stock valued at $230,874,000 after purchasing an additional 69,064 shares during the period. Nordea Investment Management AB boosted its position in shares of TJX Companies by 13.3% during the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer's stock worth $850,428,000 after buying an additional 827,103 shares during the period. CWA Asset Management Group LLC boosted its position in shares of TJX Companies by 7.3% during the fourth quarter. CWA Asset Management Group LLC now owns 3,774 shares of the apparel and home fashions retailer's stock worth $456,000 after buying an additional 258 shares during the period. Finally, Iowa State Bank increased its position in TJX Companies by 1.7% in the 4th quarter. Iowa State Bank now owns 16,440 shares of the apparel and home fashions retailer's stock valued at $1,986,000 after acquiring an additional 279 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

Shares of NYSE TJX traded down $0.31 during mid-day trading on Tuesday, reaching $128.63. The company had a trading volume of 3,471,057 shares, compared to its average volume of 5,340,709. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1-year low of $97.47 and a 1-year high of $131.30. The stock has a market cap of $143.69 billion, a PE ratio of 30.27, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a 50-day moving average price of $122.72 and a two-hundred day moving average price of $122.06.

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, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $16.24 billion. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.32%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's payout ratio is presently 39.91%.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the company'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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TJX. BMO Capital Markets boosted their price target on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Wells Fargo & Company decreased their target price on shares of TJX Companies from $125.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Barclays boosted their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and increased their price objective for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. Finally, Morgan Stanley dropped their target price on TJX Companies from $136.00 to $133.00 and set an "overweight" rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average rating of "Moderate Buy" and a consensus target price of $136.94.

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.