The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 50.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,495 shares of the apparel and home fashions retailer's stock after selling 205,006 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in TJX Companies were worth $19,184,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TJX. ICA Group Wealth Management LLC acquired a new position in shares of TJX Companies during the 4th quarter worth approximately $27,000. Anchor Investment Management LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth approximately $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of TJX Companies during the third quarter worth approximately $29,000. BKM Wealth Management LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC purchased a new stake in shares of TJX Companies during the second quarter worth approximately $33,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.8 %

Shares of TJX Companies stock traded up $0.70 during trading hours on Friday, hitting $93.36. The company's stock had a trading volume of 6,016,372 shares, compared to its average volume of 5,038,122. The TJX Companies, Inc. has a twelve month low of $75.65 and a twelve month high of $102.84. The firm has a fifty day moving average of $97.58 and a 200-day moving average of $93.62. The stock has a market cap of $105.77 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 2.40 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. During the same quarter in the prior year, the company posted $0.89 EPS. The company's quarterly revenue was up 13.0% on a year-over-year basis. Research analysts forecast that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a dividend of $0.375 per share. This is a positive change from TJX Companies's previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.61%. TJX Companies's dividend payout ratio is presently 34.46%.

TJX Companies announced that its board has initiated a share repurchase plan on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently commented on TJX shares. Telsey Advisory Group reiterated an "outperform" rating and set a $105.00 price target on shares of TJX Companies in a research report on Wednesday, February 28th. Redburn Atlantic cut TJX Companies from a "buy" rating to a "neutral" rating and set a $100.00 target price for the company. in a report on Monday, February 5th. BMO Capital Markets upped their target price on TJX Companies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, February 29th. Finally, UBS Group upped their target price on TJX Companies from $95.00 to $104.00 and gave the company a "neutral" rating in a report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.19.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the transaction, the chief executive officer now owns 515,801 shares of the company's stock, valued at approximately $51,053,982.98. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the sale, the chief executive officer now owns 515,801 shares of the company's stock, valued at approximately $51,053,982.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate 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.