Wealthspire Advisors LLC Sells 1,478 Shares of The TJX Companies, Inc. (NYSE:TJX)

Wealthspire Advisors LLC trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,993 shares of the apparel and home fashions retailer’s stock after selling 1,478 shares during the quarter. Wealthspire Advisors LLC’s holdings in TJX Companies were worth $1,811,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Robert W. Baird upped their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Morgan Stanley boosted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. 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 report on Thursday, December 5th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a report on Wednesday, February 19th. Two 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.18.

TJX Companies Price Performance

TJX Companies stock opened at $121.35 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market cap of $136.42 billion, a P/E ratio of 28.55, a PEG ratio of 2.75 and a beta of 0.91. The company has a 50-day moving average price of $122.81 and a 200 day moving average price of $119.72. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

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.