Berkeley Inc Trims Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Berkeley Inc cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 50.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,723 shares of the apparel and home fashions retailer's stock after selling 8,779 shares during the quarter. Berkeley Inc's holdings in TJX Companies were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after buying an additional 8,002 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in TJX Companies by 25.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,869 shares of the apparel and home fashions retailer's stock worth $588,000 after purchasing an additional 976 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after purchasing an additional 235 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of TJX Companies by 11.8% in the fourth quarter. Perigon Wealth Management LLC now owns 15,530 shares of the apparel and home fashions retailer's stock valued at $1,885,000 after purchasing an additional 1,633 shares during the period. Finally, BSW Wealth Partners grew its holdings in shares of TJX Companies by 4.4% in the fourth quarter. BSW Wealth Partners now owns 6,926 shares of the apparel and home fashions retailer's stock valued at $837,000 after purchasing an additional 290 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on TJX. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Finally, Barclays reaffirmed an "overweight" rating and set a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $141.53.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Performance

NYSE TJX traded up $0.41 on Monday, reaching $127.31. The stock had a trading volume of 1,415,019 shares, compared to its average volume of 5,239,526. The stock has a market cap of $142.22 billion, a P/E ratio of 29.95, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 12-month low of $103.70 and a 12-month high of $135.85. The business's 50-day moving average price is $126.88 and its 200 day moving average price is $123.88. 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 released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. TJX Companies's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's payout ratio is 40.00%.

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.