Alan M. Bennett Sells 8,000 Shares of The TJX Companies, Inc. (NYSE:TJX) Stock

The TJX Companies, Inc. (NYSE:TJX) Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

TJX Companies Stock Performance

TJX opened at $124.79 on Friday. The firm’s 50-day moving average price is $122.98 and its 200-day moving average price is $120.02. The company has a market cap of $140.28 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. 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) 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, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BMO Capital Markets lifted their target price on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday. UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a report on Thursday. Barclays lifted their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Morgan Stanley boosted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TJX. Norges Bank purchased a new position in TJX Companies in the 4th quarter worth approximately $1,670,565,000. Raymond James Financial Inc. acquired a new stake in TJX Companies in the 4th quarter valued at approximately $570,342,000. Capital Research Global Investors increased its holdings in TJX Companies by 689.6% in the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock valued at $313,512,000 after purchasing an additional 2,266,415 shares during the last quarter. Northern Trust Corp grew its stake in shares of TJX Companies by 15.2% in the fourth 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 acquiring an additional 1,845,225 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of TJX Companies by 12.9% in the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer’s stock worth $1,486,074,000 after acquiring an additional 1,403,561 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

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.