The TJX Companies, Inc. (NYSE:TJX) Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 31.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,647 shares of the apparel and home fashions retailer’s stock after selling 8,555 shares during the quarter. AlphaQuest LLC’s holdings in TJX Companies were worth $2,253,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC raised its holdings in TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after purchasing an additional 69,489 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its position in shares of TJX Companies by 15.1% in the third quarter. Kornitzer Capital Management Inc. KS now owns 12,172 shares of the apparel and home fashions retailer’s stock valued at $1,431,000 after buying an additional 1,595 shares in the last quarter. Portside Wealth Group LLC raised its stake in shares of TJX Companies by 18.1% during the 3rd quarter. Portside Wealth Group LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock worth $256,000 after buying an additional 334 shares during the last quarter. TFB Advisors LLC boosted its position in shares of TJX Companies by 4.2% in the 3rd quarter. TFB Advisors LLC now owns 3,209 shares of the apparel and home fashions retailer’s stock worth $377,000 after buying an additional 129 shares in the last quarter. Finally, AIA Group Ltd grew its stake in TJX Companies by 2.2% in the 3rd quarter. AIA Group Ltd now owns 17,668 shares of the apparel and home fashions retailer’s stock valued at $2,077,000 after acquiring an additional 376 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TJX shares. TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Robert W. Baird increased their target price on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Jefferies Financial Group boosted their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Barclays increased their price objective on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets boosted their target price on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

Insider Transactions at TJX Companies

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 transaction of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction 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. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $119.18 on Friday. 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 market capitalization 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 TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company has a 50 day moving average price of $122.77 and a 200 day moving average price of $120.36.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $16.24 billion. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, February 13th. TJX Companies’s payout ratio is currently 35.21%.

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.