Picton Mahoney Asset Management Trims Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Picton Mahoney Asset Management lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,487 shares of the apparel and home fashions retailer's stock after selling 18,713 shares during the period. Picton Mahoney Asset Management's holdings in TJX Companies were worth $15,430,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tandem Investment Advisors Inc. lifted its stake in TJX Companies by 1.8% in the 4th quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer's stock worth $548,000 after purchasing an additional 106 shares in the last quarter. Alhambra Investment Management LLC boosted its stake in TJX Companies by 2.0% during the fourth quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer's stock valued at $510,000 after buying an additional 108 shares during the period. J.Safra Asset Management Corp grew its position in TJX Companies by 9.9% during the fourth quarter. J.Safra Asset Management Corp now owns 1,196 shares of the apparel and home fashions retailer's stock worth $112,000 after buying an additional 108 shares in the last quarter. BSW Wealth Partners increased its stake in TJX Companies by 2.0% in the 4th quarter. BSW Wealth Partners now owns 5,623 shares of the apparel and home fashions retailer's stock worth $528,000 after acquiring an additional 109 shares during the last quarter. Finally, Insight Advisors LLC PA raised its holdings in shares of TJX Companies by 3.1% in the 4th quarter. Insight Advisors LLC PA now owns 3,757 shares of the apparel and home fashions retailer's stock valued at $352,000 after acquiring an additional 112 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Up 0.5 %

NYSE:TJX traded up $0.45 during midday trading on Tuesday, reaching $97.90. 4,749,316 shares of the stock traded hands, compared to its average volume of 5,091,767. The stock has a market capitalization of $110.92 billion, a P/E ratio of 25.36, a PEG ratio of 2.45 and a beta of 0.87. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The company has a fifty day moving average of $96.86 and a 200 day moving average of $94.23.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. On average, research analysts predict that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Wednesday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.33. TJX Companies's dividend payout ratio is currently 34.46%.

TJX Companies declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 28th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research analyst reports. UBS Group upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $104.00 to $132.00 in a research report on Thursday, May 2nd. Redburn Atlantic lowered shares of TJX Companies from a "buy" rating to a "neutral" rating and set a $100.00 target price for the company. in a research report on Monday, February 5th. The Goldman Sachs Group raised TJX Companies from a "neutral" rating to a "buy" rating and increased their target price for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Telsey Advisory Group reiterated an "outperform" rating and issued a $105.00 price objective on shares of TJX Companies in a report on Wednesday, February 28th. Finally, BMO Capital Markets increased their price objective on TJX Companies from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $104.29.

Insider Buying and Selling

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

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