Siemens Fonds Invest GmbH Cuts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Siemens Fonds Invest GmbH lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 88.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,132 shares of the apparel and home fashions retailer’s stock after selling 24,590 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in TJX Companies were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Snowden Capital Advisors LLC raised its stake in shares of TJX Companies by 6.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 45,236 shares of the apparel and home fashions retailer’s stock worth $5,465,000 after buying an additional 2,702 shares in the last quarter. Shell Asset Management Co. raised its position in TJX Companies by 16.5% in the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock worth $3,524,000 after acquiring an additional 4,128 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in TJX Companies by 2.7% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 66,378 shares of the apparel and home fashions retailer’s stock worth $8,019,000 after acquiring an additional 1,732 shares in the last quarter. Royal Bank of Canada lifted its holdings in 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 valued at $1,486,074,000 after acquiring an additional 1,403,561 shares during the period. Finally, Rafferty Asset Management LLC boosted its position in shares of TJX Companies by 11.9% during the 4th quarter. Rafferty Asset Management LLC now owns 108,135 shares of the apparel and home fashions retailer’s stock worth $13,064,000 after purchasing an additional 11,513 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction 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 owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This represents a 4.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Barclays lifted their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Robert W. Baird upped 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. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.25.

TJX Companies Stock Performance

TJX Companies stock opened at $133.37 on Friday. The TJX Companies, Inc. has a fifty-two week low of $97.53 and a fifty-two week high of $133.90. The company has a market capitalization of $148.98 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 2.75 and a beta of 0.94. The stock has a fifty day moving average of $124.30 and a two-hundred day moving average of $122.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. On average, analysts anticipate 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 dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.27%. TJX Companies’s payout ratio is 39.91%.

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.