Toronto Dominion Bank Cuts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Toronto Dominion Bank lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 30.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 421,577 shares of the apparel and home fashions retailer's stock after selling 181,925 shares during the quarter. Toronto Dominion Bank's holdings in TJX Companies were worth $50,929,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Shell Asset Management Co. lifted its position in shares of TJX Companies by 16.5% during the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock worth $3,524,000 after buying an additional 4,128 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of TJX Companies by 10.1% in the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock worth $88,992,000 after purchasing an additional 67,853 shares during the period. Ethic Inc. raised its holdings in shares of TJX Companies by 21.1% in the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock worth $20,196,000 after purchasing an additional 29,158 shares during the period. Fiduciary Trust Co raised its holdings in shares of TJX Companies by 5.2% in the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock worth $349,284,000 after purchasing an additional 144,113 shares during the period. Finally, Congress Asset Management Co. raised its holdings in shares of TJX Companies by 1.1% in the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock worth $148,456,000 after purchasing an additional 13,036 shares during the period. Institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

Shares of TJX Companies stock traded up $0.05 during trading on Tuesday, hitting $135.08. The stock had a trading volume of 7,047,080 shares, compared to its average volume of 5,347,948. The firm has a market cap of $150.90 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 12 month low of $97.53 and a 12 month high of $135.85. The business's 50-day moving average is $125.14 and its 200 day moving average is $123.27. 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, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a $0.425 dividend. The ex-dividend date is Thursday, May 15th. This is a positive change 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 payout ratio is 39.91%.

Insider Buying and Selling

In related news, 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 value of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62% decrease in their position. 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 research analysts recently commented on the stock. Morgan Stanley lowered their price target on shares of TJX Companies from $136.00 to $133.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $127.00 to $130.00 and gave the stock an "overweight" rating in a report on Monday. TD Securities lifted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Barclays boosted their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $137.11.

TJX Companies Company 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.