The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,811 shares of the apparel and home fashions retailer’s stock after selling 86 shares during the period. Capital Asset Advisory Services LLC’s holdings in TJX Companies were worth $702,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of TJX Companies by 43.1% in the 4th quarter. Blue Trust Inc. now owns 34,871 shares of the apparel and home fashions retailer’s stock worth $4,099,000 after buying an additional 10,502 shares during the last quarter. Drive Wealth Management LLC lifted its holdings in TJX Companies by 3.7% in the fourth quarter. Drive Wealth Management LLC now owns 3,713 shares of the apparel and home fashions retailer’s stock worth $449,000 after acquiring an additional 133 shares during the last quarter. Peak Financial Management Inc. boosted its stake in TJX Companies by 27.5% in the fourth quarter. Peak Financial Management Inc. now owns 3,366 shares of the apparel and home fashions retailer’s stock valued at $407,000 after acquiring an additional 725 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in TJX Companies by 25.1% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,869 shares of the apparel and home fashions retailer’s stock valued at $588,000 after acquiring an additional 976 shares during the period. Finally, Stablepoint Partners LLC grew its holdings in shares of TJX Companies by 1.2% during the fourth quarter. Stablepoint Partners LLC now owns 27,234 shares of the apparel and home fashions retailer’s stock valued at $3,290,000 after purchasing an additional 312 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent research reports. Robert W. Baird raised their price target on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Wells Fargo & Company lifted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Trading Up 1.8 %

Shares of TJX stock opened at $124.89 on Tuesday. The stock has a 50-day simple moving average of $122.84 and a 200 day simple moving average of $117.94. The stock has a market capitalization of $140.39 billion, a P/E ratio of 29.38, a P/E/G ratio of 3.00 and a beta of 0.91. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. TJX Companies’s dividend payout ratio is currently 35.29%.

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.