United Asset Strategies Inc. Has $256,000 Stock Position in The TJX Companies, Inc. (NYSE:TJX)

United Asset Strategies Inc. lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,123 shares of the apparel and home fashions retailer’s stock after selling 117 shares during the quarter. United Asset Strategies Inc.’s holdings in TJX Companies were worth $256,000 at the end of the most recent quarter.

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

TJX Companies Trading Up 1.8 %

Shares of TJX stock opened at $124.89 on Tuesday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a market cap of $140.39 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91. 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 business’s 50 day moving average is $122.84 and its two-hundred day moving average is $117.94.

TJX Companies (NYSE:TJX) last announced its 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 net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the firm posted $1.03 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.20%. TJX Companies’s payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TJX. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Jefferies Financial Group raised their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. TD Cowen boosted their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. UBS Group increased their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Evercore ISI upped their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

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.