GTS Securities LLC Sells 41,701 Shares of The TJX Companies, Inc. (NYSE:TJX)

GTS Securities LLC trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 71.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,824 shares of the apparel and home fashions retailer's stock after selling 41,701 shares during the quarter. GTS Securities LLC's holdings in TJX Companies were worth $2,033,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth $25,000. SOA Wealth Advisors LLC. acquired a new stake in shares of TJX Companies during the 4th quarter worth $30,000. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth $30,000. Promus Capital LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth $32,000. Finally, Tacita Capital Inc acquired a new stake in shares of TJX Companies during the 4th quarter worth $38,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction dated 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 owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TJX. Loop Capital set a $150.00 target price on TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. UBS Group reissued a "buy" rating and set a $164.00 target price (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, May 21st. Barclays restated 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. Finally, Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.65.

TJX Companies Trading Up 1.7%

TJX Companies stock traded up $2.15 during trading hours on Tuesday, hitting $127.85. The stock had a trading volume of 7,081,081 shares, compared to its average volume of 5,339,047. 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 stock has a market cap of $142.82 billion, a price-to-earnings ratio of 30.08, a P/E/G ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a one year low of $101.01 and a one year high of $135.85. The business's 50 day simple moving average is $126.16 and its 200-day simple moving average is $123.68.

TJX Companies (NYSE:TJX - Get Free Report) last posted its 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. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business 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 $0.425 dividend. This is a boost 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 1.33%. TJX Companies's dividend payout ratio is presently 40.00%.

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.