Somerville Kurt F Sells 1,140 Shares of The TJX Companies, Inc. (NYSE:TJX)

Somerville Kurt F trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,689 shares of the apparel and home fashions retailer’s stock after selling 1,140 shares during the quarter. TJX Companies accounts for approximately 2.9% of Somerville Kurt F’s portfolio, making the stock its 15th largest holding. Somerville Kurt F’s holdings in TJX Companies were worth $16,997,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TJX shares. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a research report on Friday. UBS Group boosted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their target price for the company from $128.00 to $140.00 in a report on Thursday. Finally, Wells Fargo & Company lifted their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.76.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 shares were 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. 0.13% of the stock is currently owned by company insiders.

TJX Companies Trading Up 0.3 %

NYSE TJX opened at $125.32 on Friday. The firm has a market capitalization of $140.88 billion, a PE ratio of 29.49, a P/E/G ratio of 2.75 and a beta of 0.96. The stock’s 50 day moving average is $121.70 and its 200 day moving average is $120.35. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its earnings results 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 net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. Research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share 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 issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.36%. 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 dividend payout ratio (DPR) is presently 35.21%.

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.