JARISLOWSKY FRASER Ltd Sells 59,346 Shares of The TJX Companies, Inc. (NYSE:TJX)

JARISLOWSKY FRASER Ltd reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 932,188 shares of the apparel and home fashions retailer's stock after selling 59,346 shares during the period. JARISLOWSKY FRASER Ltd owned about 0.08% of TJX Companies worth $111,118,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in shares of TJX Companies by 1.7% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock worth $603,000 after acquiring an additional 84 shares in the last quarter. Nwam LLC boosted its stake in TJX Companies by 2.0% in the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock worth $524,000 after purchasing an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC boosted its stake in TJX Companies by 5.0% in the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock worth $218,000 after purchasing an additional 86 shares in the last quarter. Breakwater Capital Group grew its holdings in shares of TJX Companies by 1.2% during the fourth quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer's stock worth $930,000 after purchasing an additional 91 shares during the last quarter. Finally, Capital Investment Advisory Services LLC increased its stake in shares of TJX Companies by 1.0% in the fourth quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer's stock valued at $1,060,000 after buying an additional 91 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TJX has been the topic of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Wells Fargo & Company decreased their price target on shares of TJX Companies from $125.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. Barclays lifted their target price on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, StockNews.com lowered TJX Companies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $136.94.

TJX Companies Stock Up 0.1 %

Shares of TJX stock opened at $128.16 on Friday. The TJX Companies, Inc. has a 12-month low of $97.53 and a 12-month high of $131.30. 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 firm has a fifty day moving average of $123.03 and a 200-day moving average of $122.33. The company has a market capitalization of $143.17 billion, a price-to-earnings ratio of 30.16, a P/E/G ratio of 2.75 and a beta of 0.94.

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 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $16.24 billion. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is presently 39.91%.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 23,428 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 484,189 shares of the company's stock, 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 the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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.

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