Aigen Investment Management LP Sells 16,728 Shares of The TJX Companies, Inc. (NYSE:TJX)

Aigen Investment Management LP lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 44.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,988 shares of the apparel and home fashions retailer’s stock after selling 16,728 shares during the period. Aigen Investment Management LP’s holdings in TJX Companies were worth $2,536,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TJX. Bogart Wealth LLC bought a new stake in TJX Companies in the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies during the fourth quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the third quarter worth about $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies in the 3rd quarter worth about $30,000. Finally, Truvestments Capital LLC bought a new position in TJX Companies in the 3rd quarter valued at about $29,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TJX shares. TD Cowen lifted their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. BMO Capital Markets lifted their price target on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Evercore ISI raised their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group increased their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

Insider Activity at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the company’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

NYSE TJX opened at $121.60 on Wednesday. The firm has a market cap of $136.70 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 2.75 and a beta of 0.91. The company has a 50-day simple moving average of $122.97 and a two-hundred day simple moving average of $120.25. 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 TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. 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%.

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.