Rosenbaum Jay D. Sells 7,441 Shares of The TJX Companies, Inc. (NYSE:TJX)

Rosenbaum Jay D. decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 54.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,305 shares of the apparel and home fashions retailer's stock after selling 7,441 shares during the period. TJX Companies accounts for about 1.5% of Rosenbaum Jay D.'s portfolio, making the stock its 20th biggest position. Rosenbaum Jay D.'s holdings in TJX Companies were worth $591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. Vanguard Group Inc. boosted its holdings in TJX Companies by 0.4% in the third quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer's stock worth $8,455,660,000 after acquiring an additional 392,783 shares in the last quarter. FMR LLC boosted its holdings in TJX Companies by 13.1% in the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer's stock worth $4,622,514,000 after acquiring an additional 6,036,764 shares in the last quarter. Morgan Stanley boosted its holdings in TJX Companies by 1.5% in the third quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer's stock worth $2,200,045,000 after acquiring an additional 371,163 shares in the last quarter. Northern Trust Corp boosted its holdings in TJX Companies by 2.3% in the third quarter. Northern Trust Corp now owns 13,734,141 shares of the apparel and home fashions retailer's stock worth $1,220,690,000 after acquiring an additional 313,530 shares in the last quarter. Finally, Norges Bank bought a new position in TJX Companies in the fourth quarter worth approximately $1,193,438,000. Institutional investors own 91.09% of the company's stock.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies 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 completion of the transaction, the chief executive officer now directly owns 515,801 shares of the company's stock, valued at $51,053,982.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related 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 transaction of $266,248.02. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. 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 report on Thursday, February 29th. UBS Group upgraded TJX Companies from a "neutral" rating to a "buy" rating and raised their price target for the company from $104.00 to $132.00 in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a report on Tuesday. Redburn Atlantic downgraded TJX Companies from a "buy" rating to a "neutral" rating and set a $100.00 price target on the stock. in a report on Monday, February 5th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $112.00 price objective on shares of TJX Companies in a research report on Friday, May 17th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies currently has an average rating of "Moderate Buy" and a consensus price target of $107.56.

TJX Companies Trading Up 3.5 %

TJX stock traded up $3.42 during mid-day trading on Wednesday, reaching $101.12. 14,855,603 shares of the stock traded hands, compared to its average volume of 5,217,752. The stock's fifty day moving average is $97.09 and its 200-day moving average is $94.93. 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 $114.57 billion, a P/E ratio of 26.52, a P/E/G ratio of 2.50 and a beta of 0.87. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $104.98.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.06. The firm had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm's revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 earnings per share. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.1 earnings per share for the current year.

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

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.48%. TJX Companies's dividend payout ratio (DPR) is presently 38.86%.

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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