Atria Investments Inc Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Atria Investments Inc lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,643 shares of the apparel and home fashions retailer’s stock after selling 1,657 shares during the period. Atria Investments Inc’s holdings in TJX Companies were worth $18,562,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its holdings in shares of TJX Companies by 1.0% in the third quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after purchasing an additional 469,287 shares in the last quarter. Geode Capital Management LLC increased its position in shares of TJX Companies by 1.5% in the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock worth $2,795,121,000 after acquiring an additional 363,707 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in TJX Companies by 7.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock worth $1,079,319,000 after acquiring an additional 643,833 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of TJX Companies by 9.9% during the third quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock valued at $837,951,000 after acquiring an additional 657,529 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of TJX Companies by 13.3% during the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after buying an additional 827,103 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX opened at $121.60 on Wednesday. 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 company has a 50-day moving average of $122.97 and a 200-day moving average of $120.25. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a market capitalization of $136.70 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 2.75 and a beta of 0.91.

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, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.21%.

Insider Activity

In related news, 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 transaction of $988,240.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TJX shares. Barclays increased 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. Evercore ISI raised their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Jefferies Financial Group raised their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

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.