Mirabaud Asset Management Ltd Sells 17,617 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mirabaud Asset Management Ltd cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 19.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 71,053 shares of the apparel and home fashions retailer’s stock after selling 17,617 shares during the quarter. TJX Companies makes up approximately 4.0% of Mirabaud Asset Management Ltd’s investment portfolio, making the stock its 9th biggest position. Mirabaud Asset Management Ltd’s holdings in TJX Companies were worth $8,604,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bogart Wealth LLC purchased a new stake in TJX Companies in the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies during the 4th quarter valued at about $26,000. Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies in the third quarter valued at about $30,000. SOA Wealth Advisors LLC. purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $30,000. Finally, Millstone Evans Group LLC acquired a new stake in TJX Companies during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. UBS Group boosted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Robert W. Baird upped their price objective on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Morgan Stanley raised their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. BMO Capital Markets upped their price target on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company increased their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.76.

TJX Companies Trading Down 2.8 %

Shares of TJX stock opened at $121.92 on Friday. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.33. The company has a 50 day moving average price of $121.69 and a 200 day moving average price of $120.37. The stock has a market capitalization of $137.06 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results 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 business 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 predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.39%. TJX Companies’s dividend payout ratio (DPR) is 35.21%.

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.