Hyperion Capital Advisors LP Sells 4,752 Shares of The TJX Companies, Inc. (NYSE:TJX)

Hyperion Capital Advisors LP reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,501 shares of the apparel and home fashions retailer's stock after selling 4,752 shares during the period. TJX Companies comprises about 1.6% of Hyperion Capital Advisors LP's holdings, making the stock its 14th largest position. Hyperion Capital Advisors LP's holdings in TJX Companies were worth $3,081,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TJX. Norges Bank bought a new stake in TJX Companies during the 4th quarter valued at approximately $1,670,565,000. Raymond James Financial Inc. bought a new stake in TJX Companies during the 4th quarter valued at approximately $570,342,000. Capital Research Global Investors lifted its position in shares of TJX Companies by 689.6% in the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after acquiring an additional 2,266,415 shares during the period. Northern Trust Corp lifted its position in shares of TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after acquiring an additional 1,845,225 shares during the period. Finally, DJE Kapital AG bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $140,068,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Up 0.5%

Shares of NYSE TJX traded up $0.68 during midday trading on Friday, hitting $133.72. The stock had a trading volume of 1,897,393 shares, compared to its average volume of 5,334,866. The company's 50-day simple moving average is $123.95 and its 200 day simple moving average is $122.76. The firm has a market cap of $149.37 billion, a P/E ratio of 31.48, 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 $97.53 and a fifty-two week high of $133.87. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating 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 company had revenue of $16.35 billion during the quarter, compared to analysts' expectations of $16.24 billion. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a dividend of $0.425 per share. 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 dividend on an annualized basis and a dividend yield of 1.27%. TJX Companies's payout ratio is 39.91%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday. Telsey Advisory Group restated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Robert W. Baird raised their target price on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company raised their target price on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $137.25.

Insider Buying and Selling

In related news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 value of $2,882,346.84. Following the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. 0.13% of the stock is owned by 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.