Menard Financial Group LLC Lowers Stake in The TJX Companies, Inc. (NYSE:TJX)

Menard Financial Group LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 81.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,020 shares of the apparel and home fashions retailer's stock after selling 4,619 shares during the quarter. Menard Financial Group LLC's holdings in TJX Companies were worth $123,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of TJX Companies by 113.7% during 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 purchasing an additional 8,002 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of TJX Companies during the fourth quarter valued at about $698,000. Flagship Harbor Advisors LLC raised its holdings in shares of TJX Companies by 3.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 17,366 shares of the apparel and home fashions retailer's stock worth $2,098,000 after acquiring an additional 532 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position 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 valued at $588,000 after purchasing an additional 976 shares during the last quarter. Finally, Peak Financial Management Inc. boosted its holdings in shares of TJX Companies by 27.5% in the 4th quarter. Peak Financial Management Inc. now owns 3,366 shares of the apparel and home fashions retailer's stock worth $407,000 after purchasing an additional 725 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $0.28 during trading on Friday, hitting $126.79. 9,364,867 shares of the company were exchanged, compared to its average volume of 5,341,346. The TJX Companies, Inc. has a fifty-two week low of $102.90 and a fifty-two week high of $135.85. 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 firm has a 50 day moving average price of $126.88 and a 200 day moving average price of $123.84. The stock has a market capitalization of $141.64 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 2.75 and a beta of 0.94.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 earnings per share. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

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

Insiders Place Their Bets

In related 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 transaction of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TJX. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. Robert W. Baird lifted their target price on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the company an "overweight" rating in a report on Thursday, May 22nd. TD Securities boosted their target price on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $140.65.

About TJX Companies

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.