The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Wallington Asset Management LLC

Wallington Asset Management LLC lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,043 shares of the apparel and home fashions retailer’s stock after selling 983 shares during the period. TJX Companies comprises about 4.7% of Wallington Asset Management LLC’s portfolio, making the stock its 3rd largest holding. Wallington Asset Management LLC’s holdings in TJX Companies were worth $32,866,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies in the 4th quarter worth about $26,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies during the 3rd quarter worth $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the 3rd quarter worth $29,000. Copeland Capital Management LLC bought a new position in TJX Companies in the third quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies in the 3rd quarter valued at approximately $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.4 %

TJX Companies stock opened at $121.89 on Friday. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month 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. The firm has a 50 day moving average price of $122.48 and a 200-day moving average price of $117.38. The company has a market capitalization of $137.03 billion, a P/E ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business 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 dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Analyst Ratings Changes

A number of brokerages have weighed in on TJX. Guggenheim raised their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird increased their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their price objective 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. Wells Fargo & Company raised their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $131.33.

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.