Teca Partners LP Sells 47,000 Shares of The TJX Companies, Inc. (NYSE:TJX)

Teca Partners LP lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 41.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,511 shares of the apparel and home fashions retailer's stock after selling 47,000 shares during the period. TJX Companies makes up about 5.1% of Teca Partners LP's holdings, making the stock its 10th biggest position. Teca Partners LP's holdings in TJX Companies were worth $8,035,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GKV Capital Management Co. Inc. bought a new position in shares of TJX Companies in the 4th quarter worth $4,405,000. Foster Dykema Cabot & Partners LLC raised its position in TJX Companies by 218.0% during the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 6,666 shares of the apparel and home fashions retailer's stock valued at $805,000 after purchasing an additional 4,570 shares in the last quarter. First Commonwealth Financial Corp PA lifted its stake in TJX Companies by 2.5% during the fourth quarter. First Commonwealth Financial Corp PA now owns 13,609 shares of the apparel and home fashions retailer's stock worth $1,644,000 after purchasing an additional 335 shares during the last quarter. Farringdon Capital Ltd. purchased a new position in shares of TJX Companies in the 4th quarter worth about $974,000. Finally, NewEdge Advisors LLC increased its position in shares of TJX Companies by 12.2% during the 4th quarter. NewEdge Advisors LLC now owns 403,246 shares of the apparel and home fashions retailer's stock valued at $48,716,000 after purchasing an additional 43,731 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of TJX traded down $3.82 during trading hours on Monday, hitting $123.80. The stock had a trading volume of 1,205,047 shares, compared to its average volume of 5,366,956. The TJX Companies, Inc. has a fifty-two week low of $93.32 and a fifty-two week high of $131.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm has a 50-day moving average price of $121.84 and a 200 day moving average price of $121.08. The firm has a market capitalization of $138.30 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is 39.91%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Robert W. Baird increased their price target on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. BMO Capital Markets upped their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Barclays raised their price target on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Finally, StockNews.com cut shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.76.

Insider Buying and Selling

In other news, Director Alan M. Bennett sold 8,000 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by 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.