The TJX Companies, Inc. (NYSE:TJX) Position Lessened by Mirabaud Asset Management Ltd

Mirabaud Asset Management Ltd lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,053 shares of the apparel and home fashions retailer’s stock after selling 17,617 shares during the period. TJX Companies accounts for approximately 4.0% of Mirabaud Asset Management Ltd’s investment portfolio, making the stock its 9th largest holding. Mirabaud Asset Management Ltd’s holdings in TJX Companies were worth $8,604,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new position in shares of TJX Companies in the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the fourth quarter worth $26,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies during the third quarter worth $30,000. SOA Wealth Advisors LLC. acquired a new position in shares of TJX Companies during the fourth quarter worth $30,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at $30,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

TJX opened at $121.92 on Friday. The firm has a fifty day moving average price of $121.69 and a 200 day moving average price of $120.37. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.33. The stock has a market cap of $137.06 billion, a P/E ratio of 28.69, a P/E/G ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping 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 business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a $0.425 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, May 15th. TJX Companies’s dividend payout ratio (DPR) is presently 35.21%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the 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 directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TJX shares. Barclays boosted 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. Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $128.00 to $140.00 in a research report on Thursday. Wells Fargo & Company lifted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. BMO Capital Markets lifted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, Robert W. Baird raised their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.76.

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.