Eagle Strategies LLC Sells 171 Shares of The TJX Companies, Inc. (NYSE:TJX)

Eagle Strategies LLC cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,726 shares of the apparel and home fashions retailer’s stock after selling 171 shares during the period. Eagle Strategies LLC’s holdings in TJX Companies were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction that occurred on 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 legal filing with the SEC, which is available at this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the firm’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 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 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 owned by insiders.

TJX Companies Price Performance

Shares of TJX opened at $127.60 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 $142.54 billion, a PE ratio of 30.02, a P/E/G ratio of 2.75 and a beta of 0.86. The stock has a 50 day simple moving average of $122.40 and a 200 day simple moving average of $121.78. The TJX Companies, Inc. has a 52-week low of $94.32 and a 52-week high of $131.30.

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 (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies’s payout ratio is 39.91%.

Wall Street Analyst Weigh In

TJX has been the topic of several recent research reports. Morgan Stanley raised their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $128.00 to $140.00 in a research note on Thursday, April 3rd. Barclays lifted their target price 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. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, BMO Capital Markets lifted their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $137.06.

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.