Barings LLC Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Barings LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,860 shares of the apparel and home fashions retailer’s stock after selling 230 shares during the period. Barings LLC’s holdings in TJX Companies were worth $708,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dorsey & Whitney Trust CO LLC grew its stake in shares of TJX Companies by 2.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 9,103 shares of the apparel and home fashions retailer’s stock valued at $1,100,000 after buying an additional 177 shares during the period. Arjuna Capital grew its stake in shares of TJX Companies by 101.8% during the 4th quarter. Arjuna Capital now owns 29,734 shares of the apparel and home fashions retailer’s stock valued at $3,592,000 after buying an additional 14,999 shares during the period. Banco Santander S.A. purchased a new stake in shares of TJX Companies during the 4th quarter valued at $1,040,000. PNC Financial Services Group Inc. grew its stake in shares of TJX Companies by 1.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,788,966 shares of the apparel and home fashions retailer’s stock valued at $216,125,000 after buying an additional 21,262 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of TJX Companies by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 7,249 shares of the apparel and home fashions retailer’s stock valued at $966,000 after buying an additional 501 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TJX has been the topic of several recent research reports. UBS Group lifted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. BMO Capital Markets boosted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Evercore ISI boosted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.06.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction that occurred 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 directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was 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 owned by insiders.

TJX Companies Price Performance

NYSE TJX opened at $119.18 on Friday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market cap of $133.98 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a 50-day moving average price of $122.77 and a two-hundred day moving average price of $120.36.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.26%. The ex-dividend date was Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 35.21%.

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.