The TJX Companies, Inc. (NYSE:TJX) Stock Holdings Lessened by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,261 shares of the apparel and home fashions retailer’s stock after selling 191 shares during the quarter. Koshinski Asset Management Inc.’s holdings in TJX Companies were worth $1,602,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. ProShare Advisors LLC lifted its position in shares of TJX Companies by 5.3% in the 2nd quarter. ProShare Advisors LLC now owns 174,781 shares of the apparel and home fashions retailer’s stock valued at $19,243,000 after acquiring an additional 8,866 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of TJX Companies by 5.4% in the second quarter. Evergreen Capital Management LLC now owns 11,062 shares of the apparel and home fashions retailer’s stock worth $1,218,000 after buying an additional 564 shares during the period. Lombard Odier Asset Management Europe Ltd purchased a new position in shares of TJX Companies during the second quarter valued at $2,310,000. Mill Creek Capital Advisors LLC raised its position in TJX Companies by 11.3% during the second quarter. Mill Creek Capital Advisors LLC now owns 9,134 shares of the apparel and home fashions retailer’s stock valued at $1,006,000 after buying an additional 924 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in TJX Companies by 59.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 217,021 shares of the apparel and home fashions retailer’s stock worth $23,894,000 after acquiring an additional 80,494 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TJX. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. Wells Fargo & Company increased their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Evercore ISI upped 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. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Trading Up 1.1 %

Shares of NYSE:TJX opened at $123.23 on Wednesday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a market cap of $138.52 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.98 and a beta of 0.91. The stock’s 50-day moving average is $122.64 and its 200-day moving average is $117.64.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the business posted $1.03 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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 given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.22%. TJX Companies’s dividend payout ratio is 35.29%.

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.