abrdn plc Sells 187,897 Shares of The TJX Companies, Inc. (NYSE:TJX)

abrdn plc lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,800,777 shares of the apparel and home fashions retailer’s stock after selling 187,897 shares during the quarter. abrdn plc owned approximately 0.16% of TJX Companies worth $217,183,000 at the end of the most recent reporting period.

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

TJX Companies Stock Performance

TJX opened at $124.31 on Tuesday. 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 has a 50 day moving average of $123.32 and a 200-day moving average of $118.31. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The stock has a market cap of $139.74 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 3.05 and a beta of 0.91.

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

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Ratings Changes

Several brokerages have issued reports on TJX. Morgan Stanley increased their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. TD Cowen lifted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Evercore ISI boosted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Robert W. Baird boosted their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Guggenheim upped their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.67.

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.