Notis McConarty Edward Has $4.97 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Notis McConarty Edward lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,119 shares of the apparel and home fashions retailer’s stock after selling 1,189 shares during the quarter. TJX Companies comprises about 2.4% of Notis McConarty Edward’s investment portfolio, making the stock its 17th largest position. Notis McConarty Edward’s holdings in TJX Companies were worth $4,968,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup raised 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 research note on Thursday. Barclays boosted their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. BMO Capital Markets increased their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Morgan Stanley boosted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.76.

TJX Companies Stock Down 2.8 %

NYSE:TJX opened at $121.92 on Friday. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.33. The firm has a market capitalization of $137.06 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $121.69 and its two-hundred day moving average price is $120.37.

TJX Companies (NYSE:TJX) last announced 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. 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%. Equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. This is a boost 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%.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.