Maxwell Wealth Strategies Inc. Trims Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Maxwell Wealth Strategies Inc. reduced its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,079 shares of the apparel and home fashions retailer’s stock after selling 565 shares during the quarter. TJX Companies comprises 1.3% of Maxwell Wealth Strategies Inc.’s investment portfolio, making the stock its 20th biggest position. Maxwell Wealth Strategies Inc.’s holdings in TJX Companies were worth $3,271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of TJX Companies by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock worth $11,998,201,000 after acquiring an additional 578,948 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of TJX Companies by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock valued at $2,930,965,000 after purchasing an additional 464,995 shares during the period. Norges Bank purchased a new stake in TJX Companies during the 4th quarter worth about $1,670,565,000. Invesco Ltd. boosted its stake in TJX Companies by 4.3% in the 4th quarter. Invesco Ltd. now owns 8,753,021 shares of the apparel and home fashions retailer’s stock worth $1,057,452,000 after purchasing an additional 363,879 shares during the period. Finally, Franklin Resources Inc. grew its holdings in TJX Companies by 9.9% during the 3rd 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 buying an additional 657,529 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

TJX stock opened at $120.06 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 firm has a market cap of $134.11 billion, a P/E ratio of 28.25, a P/E/G ratio of 2.75 and a beta of 0.86. The firm’s fifty day moving average is $121.40 and its 200 day moving average is $120.42. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.33.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Research 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 declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.42%. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio is presently 39.91%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction that occurred 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. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $128.00 to $140.00 in a research report on Thursday, April 3rd. Barclays lifted their price objective on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, Robert W. Baird raised their price target on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average target price of $135.76.

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.