Two Sigma Investments LP Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Two Sigma Investments LP cut its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 86.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,915 shares of the apparel and home fashions retailer's stock after selling 1,018,081 shares during the period. Two Sigma Investments LP's holdings in TJX Companies were worth $18,474,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $25,000. SOA Wealth Advisors LLC. purchased a new stake in TJX Companies in the 4th quarter valued at $30,000. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $30,000. Promus Capital LLC purchased a new position in shares of TJX Companies during the fourth quarter worth about $32,000. Finally, Tacita Capital Inc acquired a new position in TJX Companies in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

TJX traded up $2.43 on Tuesday, reaching $128.13. The stock had a trading volume of 4,451,736 shares, compared to its average volume of 5,328,724. The company has a market capitalization of $143.14 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $135.85. The firm has a 50-day moving average of $126.16 and a 200-day moving average of $123.68. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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 analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during 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%. TJX Companies's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business 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 is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.33%. This is an increase from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TJX shares. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. JPMorgan Chase & Co. boosted their price objective on shares of TJX Companies from $127.00 to $130.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $140.65.

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.