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

Cynosure Group LLC lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 29.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,235 shares of the apparel and home fashions retailer’s stock after selling 1,354 shares during the period. Cynosure Group LLC’s holdings in TJX Companies were worth $391,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Howard Capital Management Group LLC grew its position in TJX Companies by 42.9% during the 3rd 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. Integrated Wealth Concepts LLC grew its holdings in shares of TJX Companies by 14.4% during the third quarter. Integrated Wealth Concepts LLC now owns 29,956 shares of the apparel and home fashions retailer’s stock worth $3,521,000 after buying an additional 3,780 shares during the last quarter. IHT Wealth Management LLC increased its position in TJX Companies by 10.0% in the 3rd quarter. IHT Wealth Management LLC now owns 11,867 shares of the apparel and home fashions retailer’s stock valued at $1,392,000 after acquiring an additional 1,081 shares during the period. Morse Asset Management Inc raised its stake in TJX Companies by 10.6% during the 3rd quarter. Morse Asset Management Inc now owns 3,015 shares of the apparel and home fashions retailer’s stock valued at $354,000 after acquiring an additional 290 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. lifted its position in TJX Companies by 3.9% during the 3rd quarter. Mission Creek Capital Partners Inc. now owns 12,125 shares of the apparel and home fashions retailer’s stock worth $1,425,000 after acquiring an additional 460 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This trade 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 corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on TJX. Telsey Advisory Group restated an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. Guggenheim upped their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Jefferies Financial Group lifted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays increased their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, Robert W. Baird lifted their price objective on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Stock Performance

TJX Companies stock opened at $124.99 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a market cap of $140.51 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The stock’s 50-day moving average is $121.65 and its 200-day moving average is $120.31.

TJX Companies (NYSE:TJX) 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 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 firm had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share 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 issued a $0.425 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies’s dividend payout ratio is currently 35.21%.

About TJX Companies

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.