Siemens Fonds Invest GmbH Sells 24,590 Shares of The TJX Companies, Inc. (NYSE:TJX)

Siemens Fonds Invest GmbH decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 88.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,132 shares of the apparel and home fashions retailer's stock after selling 24,590 shares during the quarter. Siemens Fonds Invest GmbH's holdings in TJX Companies were worth $345,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bogart Wealth LLC acquired a new stake in shares of TJX Companies in the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the 4th quarter valued at $26,000. SOA Wealth Advisors LLC. acquired a new position in TJX Companies in the 4th quarter valued at $30,000. Millstone Evans Group LLC acquired a new position in TJX Companies in the 4th quarter valued at $30,000. Finally, Promus Capital LLC acquired a new position in TJX Companies in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Up 0.0%

Shares of NYSE:TJX traded up $0.05 during mid-day trading on Tuesday, hitting $135.08. The company had a trading volume of 7,047,080 shares, compared to its average volume of 5,347,948. The firm has a fifty day moving average price of $125.14 and a 200 day moving average price of $123.27. The company has a market capitalization of $150.90 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a one year low of $97.53 and a one year high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion for 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, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.26%. TJX Companies's dividend payout ratio is currently 39.91%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TJX. Barclays raised their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. BMO Capital Markets increased their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. increased 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. Finally, Robert W. Baird increased their price target on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $137.11.

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 shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction dated 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 company insiders.

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.