Alkeon Capital Management LLC Lowers Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Alkeon Capital Management LLC decreased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,951,901 shares of the apparel and home fashions retailer's stock after selling 430,000 shares during the period. TJX Companies accounts for approximately 1.0% of Alkeon Capital Management LLC's holdings, making the stock its 13th largest position. Alkeon Capital Management LLC owned approximately 0.35% of TJX Companies worth $477,429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of TJX Companies by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after acquiring an additional 578,948 shares during the period. Geode Capital Management LLC boosted its holdings in shares of TJX Companies by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock worth $2,930,965,000 after acquiring an additional 464,995 shares during the period. Capital International Investors increased its stake in shares of TJX Companies by 4.5% during the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after purchasing an additional 626,739 shares during the period. Northern Trust Corp lifted its holdings in TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares during the last quarter. Finally, Norges Bank acquired a new position in TJX Companies in the 4th quarter valued at $1,670,565,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Down 0.2 %

Shares of TJX traded down $0.31 during mid-day trading on Tuesday, reaching $128.63. 3,471,057 shares of the company were exchanged, compared to its average volume of 5,340,707. The business has a 50 day simple moving average of $122.62 and a two-hundred day simple moving average of $122.01. 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 stock has a market capitalization of $143.69 billion, a PE ratio of 30.27, a PEG ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 52 week low of $97.47 and a 52 week high of $131.30.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS 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 for the quarter, compared to analyst estimates of $16.24 billion. On average, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.32%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio (DPR) is currently 39.91%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TJX shares. UBS Group upped their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Wells Fargo & Company cut their price target on TJX Companies from $125.00 to $115.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. BMO Capital Markets lifted their price objective on TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. 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, Morgan Stanley cut 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 report on Tuesday. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $136.94.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value 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 trade represents a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.