The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Principal Street Partners LLC

Principal Street Partners LLC reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 43.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,905 shares of the apparel and home fashions retailer's stock after selling 2,191 shares during the period. Principal Street Partners LLC's holdings in TJX Companies were worth $351,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TJX. Bogart Wealth LLC purchased a new position in shares of TJX Companies during the 4th quarter worth about $25,000. SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies during the 4th quarter worth about $30,000. Millstone Evans Group LLC purchased a new position in shares of TJX Companies during the 4th quarter worth about $30,000. Promus Capital LLC purchased a new position in shares of TJX Companies during the 4th quarter worth about $32,000. Finally, Tacita Capital Inc purchased a new position in shares of TJX Companies during the 4th quarter worth about $38,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

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 shares were sold at an average price of $123.03, for a total transaction 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 trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the firm's 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. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Down 2.9%

NYSE:TJX traded down $3.82 during trading hours on Friday, hitting $125.77. The stock had a trading volume of 8,782,984 shares, compared to its average volume of 5,332,754. 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 $100.70 and a 1-year high of $135.85. The business has a 50 day simple moving average of $126.00 and a two-hundred day simple moving average of $123.52. The company has a market cap of $140.49 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (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 company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter last year, the company earned $0.93 earnings per share. TJX Companies's revenue for the quarter was up 5.1% on a year-over-year basis. Analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders 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 is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.35%. TJX Companies's dividend payout ratio (DPR) is 39.91%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a report on Thursday. Barclays increased their price objective on shares of TJX Companies from $137.00 to $147.00 and gave the stock an "overweight" rating in a report on Thursday. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Robert W. Baird raised their price target on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $127.00 to $130.00 and gave the company an "overweight" rating in a report on Monday. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $139.50.

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.