Man Group plc Sells 316,876 Shares of The TJX Companies, Inc. (NYSE:TJX)

Man Group plc lowered its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 37.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 518,986 shares of the apparel and home fashions retailer's stock after selling 316,876 shares during the quarter. Man Group plc's holdings in TJX Companies were worth $62,699,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bogart Wealth LLC bought a new position in TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the 4th quarter valued at $26,000. SOA Wealth Advisors LLC. bought a new position in TJX Companies during the 4th quarter valued at $30,000. Millstone Evans Group LLC bought a new position in TJX Companies during the 4th quarter valued at $30,000. Finally, Promus Capital LLC bought a new position in TJX Companies during the 4th quarter valued at $32,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

TJX Companies stock traded up $0.33 during midday trading on Friday, reaching $133.37. The stock had a trading volume of 4,871,785 shares, compared to its average volume of 5,348,840. The TJX Companies, Inc. has a 12 month low of $97.53 and a 12 month high of $133.90. The firm's 50-day moving average price is $124.30 and its 200 day moving average price is $122.96. The firm has a market capitalization of $148.98 billion, a PE ratio of 31.38, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Thursday, May 15th. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's payout ratio is presently 39.91%.

Analysts Set New Price Targets

A number of research firms have recently commented on TJX. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. BMO Capital Markets lifted their target price on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $128.00 to $140.00 in a research note on Thursday, April 3rd. Barclays lifted their target price on TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, TJX Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.25.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was a 4.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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.