Insigneo Advisory Services LLC Sells 3,235 Shares of The TJX Companies, Inc. (NYSE:TJX)

Insigneo Advisory Services LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 22.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,137 shares of the apparel and home fashions retailer’s stock after selling 3,235 shares during the quarter. Insigneo Advisory Services LLC’s holdings in TJX Companies were worth $1,345,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TJX. Bogart Wealth LLC bought a new stake in shares of TJX Companies during the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies during the 4th quarter worth $26,000. SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies during the 4th quarter worth $30,000. Millstone Evans Group LLC acquired a new position in TJX Companies during the fourth quarter worth about $30,000. Finally, Promus Capital LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at approximately $32,000. Institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the business’s 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. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $126.25 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 firm has a 50-day moving average of $121.73 and a 200-day moving average of $120.86. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $131.30. The company has a market cap of $141.03 billion, a P/E ratio of 29.71, a P/E/G ratio of 2.75 and a beta of 0.86.

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. The firm had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.35%. TJX Companies’s dividend payout ratio (DPR) is currently 39.91%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TJX shares. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Barclays upped their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $128.00 to $140.00 in a research note on Thursday, April 3rd. BMO Capital Markets boosted their price target on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, UBS Group increased their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. 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 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.