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Nuveen Asset Management LLC Reduces Position in The TJX Companies, Inc. (NYSE:TJX)

TJX Companies logo with Retail/Wholesale background

Nuveen Asset Management LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,073,994 shares of the apparel and home fashions retailer's stock after selling 414,418 shares during the period. Nuveen Asset Management LLC owned 0.99% of TJX Companies worth $1,337,849,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ethic Inc. grew its stake in TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after acquiring an additional 29,158 shares in the last quarter. Fiduciary Trust Co grew its stake in TJX Companies by 5.2% during the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after acquiring an additional 144,113 shares in the last quarter. Congress Asset Management Co. grew its stake in TJX Companies by 1.1% during the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock valued at $148,456,000 after acquiring an additional 13,036 shares in the last quarter. Atlas Legacy Advisors LLC purchased a new position in TJX Companies during the fourth quarter valued at $433,000. Finally, BLB&B Advisors LLC grew its stake in TJX Companies by 2.8% during the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock valued at $9,795,000 after acquiring an additional 2,201 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

TJX Companies Trading Up 0.2%

Shares of TJX Companies stock traded up $0.33 during trading on Friday, hitting $133.37. The stock had a trading volume of 4,871,785 shares, compared to its average volume of 5,353,315. The TJX Companies, Inc. has a 12 month low of $97.53 and a 12 month high of $133.90. The firm's fifty day simple moving average is $124.30 and its 200-day simple moving average is $122.89. The stock has a market cap of $148.98 billion, a PE ratio of 31.38, a PEG ratio of 2.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS 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. Investors of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a yield of 1.27%. TJX Companies's dividend payout ratio (DPR) is presently 39.91%.

Analysts Set New Price Targets

Several research firms recently weighed in on TJX. Robert W. Baird raised their target price on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Wells Fargo & Company lifted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Wednesday. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Barclays lifted their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, Morgan Stanley dropped their price objective on shares of TJX Companies from $136.00 to $133.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and an average price target of $137.25.

View Our Latest Stock Report on TJX

About TJX Companies

(Free Report)

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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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