Williams Jones Wealth Management LLC. Cuts Stake in The TJX Companies, Inc. (NYSE:TJX)

Williams Jones Wealth Management LLC. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,227,004 shares of the apparel and home fashions retailer's stock after selling 21,209 shares during the period. TJX Companies comprises 1.8% of Williams Jones Wealth Management LLC.'s investment portfolio, making the stock its 13th biggest holding. Williams Jones Wealth Management LLC. owned approximately 0.11% of TJX Companies worth $148,234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bogart Wealth LLC acquired a new position in shares of TJX Companies during the 4th quarter worth approximately $25,000. SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies during the 4th quarter worth $30,000. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth $30,000. Promus Capital LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at $32,000. Finally, Tacita Capital Inc purchased a new stake in shares of TJX Companies in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Ratings Changes

TJX has been the topic of a number of research analyst reports. BMO Capital Markets lifted 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. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and boosted their price target for the company from $128.00 to $140.00 in a research report on Thursday, April 3rd. JPMorgan Chase & Co. upped their price target on TJX Companies from $127.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday. Robert W. Baird increased their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $136.82.

TJX Companies Price Performance

TJX opened at $135.05 on Tuesday. 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 company's 50-day moving average price is $124.69 and its 200 day moving average price is $123.19. The TJX Companies, Inc. has a fifty-two week low of $97.53 and a fifty-two week high of $135.56. The firm has a market cap of $150.86 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.26%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's dividend payout ratio (DPR) is 39.91%.

Insider Buying and Selling

In related news, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

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.

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