Caxton Associates LP Sells 9,199 Shares of The TJX Companies, Inc. (NYSE:TJX)

Caxton Associates LP lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 44.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,694 shares of the apparel and home fashions retailer's stock after selling 9,199 shares during the period. Caxton Associates LP's holdings in TJX Companies were worth $1,413,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Baird Financial Group Inc. grew its stake in shares of TJX Companies by 2.2% in the fourth quarter. Baird Financial Group Inc. now owns 3,629,558 shares of the apparel and home fashions retailer's stock worth $438,487,000 after acquiring an additional 79,577 shares during the last quarter. Baker Avenue Asset Management LP lifted its stake in shares of TJX Companies by 11.1% in the fourth quarter. Baker Avenue Asset Management LP now owns 5,979 shares of the apparel and home fashions retailer's stock valued at $722,000 after buying an additional 595 shares during the period. Bayberry Capital Partners LP increased its stake in TJX Companies by 11.3% during the fourth quarter. Bayberry Capital Partners LP now owns 108,000 shares of the apparel and home fashions retailer's stock valued at $13,047,000 after acquiring an additional 11,000 shares during the period. Benjamin Edwards Inc. lifted its position in shares of TJX Companies by 3.4% in the 4th quarter. Benjamin Edwards Inc. now owns 116,433 shares of the apparel and home fashions retailer's stock worth $14,074,000 after acquiring an additional 3,843 shares during the period. Finally, BLI Banque de Luxembourg Investments acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $66,638,000. Institutional investors own 91.09% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Wells Fargo & Company decreased their price target on TJX Companies from $125.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. BMO Capital Markets increased their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. UBS Group raised their price target 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. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. Finally, Morgan Stanley increased their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and a consensus price target of $137.06.

TJX Companies Trading Down 0.2 %

NYSE:TJX opened at $128.95 on Tuesday. 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 TJX Companies, Inc. has a twelve month low of $95.38 and a twelve month high of $131.30. The company has a market cap of $144.04 billion, a P/E ratio of 30.34, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The business has a 50 day moving average price of $122.62 and a two-hundred day moving average price of $122.01.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts' consensus estimates 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%. As a group, analysts expect 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. Stockholders of record on Thursday, May 15th will be given a $0.425 dividend. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.32%. TJX Companies's dividend payout ratio is presently 39.91%.

Insiders Place Their Bets

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $2,882,346.84. Following the completion of the transaction, 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 disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

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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