Fiera Capital Corp Sells 873,113 Shares of The TJX Companies, Inc. (NYSE:TJX)

Fiera Capital Corp lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,376,616 shares of the apparel and home fashions retailer's stock after selling 873,113 shares during the quarter. TJX Companies makes up about 2.7% of Fiera Capital Corp's holdings, making the stock its 8th largest position. Fiera Capital Corp owned about 0.82% of TJX Companies worth $879,620,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Anchor Investment Management LLC purchased a new position in TJX Companies during the fourth quarter worth $28,000. BKM Wealth Management LLC purchased a new position in TJX Companies in the 4th quarter valued at about $30,000. Larson Financial Group LLC boosted its stake in shares of TJX Companies by 76.0% during the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer's stock worth $35,000 after purchasing an additional 168 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $40,000. Finally, Gradient Investments LLC lifted its stake in shares of TJX Companies by 86.7% during the fourth quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer's stock valued at $45,000 after buying an additional 222 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Up 1.4 %

Shares of TJX traded up $1.37 during midday trading on Friday, reaching $100.29. 6,453,779 shares of the company were exchanged, compared to its average volume of 5,072,738. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84. The stock has a 50-day moving average price of $97.05 and a 200-day moving average price of $94.73. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The company has a market cap of $113.63 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 2.52 and a beta of 0.87.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. The firm had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. TJX Companies's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. Research analysts expect that The TJX Companies, Inc. will post 4.1 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently declared 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 an increase from TJX Companies's previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.50%. TJX Companies's payout ratio is 38.86%.

TJX Companies declared that its board has approved a share buyback program on Wednesday, February 28th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TJX shares. TD Cowen boosted their price target on TJX Companies from $119.00 to $120.00 and gave the company a "buy" rating in a report on Friday. Redburn Atlantic lowered TJX Companies from a "buy" rating to a "neutral" rating and set a $100.00 target price for the company. in a research note on Monday, February 5th. The Goldman Sachs Group raised TJX Companies from a "neutral" rating to a "buy" rating and raised their price target for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. BMO Capital Markets upped their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, February 29th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $112.00 target price on shares of TJX Companies in a report on Friday. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $105.56.

Insiders Place Their Bets

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

TJX Companies Company 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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