Hyperion Capital Advisors LP Has $3.08 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Hyperion Capital Advisors LP trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 15.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,501 shares of the apparel and home fashions retailer’s stock after selling 4,752 shares during the quarter. TJX Companies accounts for approximately 1.6% of Hyperion Capital Advisors LP’s portfolio, making the stock its 14th largest holding. Hyperion Capital Advisors LP’s holdings in TJX Companies were worth $3,081,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new stake in shares of TJX Companies during the 4th quarter worth $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies in the fourth quarter worth about $26,000. SOA Wealth Advisors LLC. purchased a new position in TJX Companies in the fourth quarter valued at about $30,000. Millstone Evans Group LLC bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $30,000. Finally, Promus Capital LLC bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX stock opened at $128.16 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $123.03 and its two-hundred day moving average price is $122.33. The stock has a market capitalization of $143.17 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 12-month low of $97.53 and a 12-month high of $131.30.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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 business had revenue of $16.35 billion during the quarter, compared to analysts’ expectations 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 predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on TJX. Robert W. Baird raised their price target on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. 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. BMO Capital Markets boosted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company cut their price target on shares of TJX Companies from $125.00 to $115.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.94.

Insiders Place Their Bets

In related news, Director Alan M. Bennett sold 8,000 shares of the company’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 filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The shares were 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 owns 484,189 shares of the company’s stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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.