Yousif Capital Management LLC Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Yousif Capital Management LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 162,356 shares of the apparel and home fashions retailer’s stock after selling 5,292 shares during the quarter. Yousif Capital Management LLC’s holdings in TJX Companies were worth $19,614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TJX. Czech National Bank grew its stake in TJX Companies by 6.7% in the third quarter. Czech National Bank now owns 230,223 shares of the apparel and home fashions retailer’s stock valued at $27,060,000 after purchasing an additional 14,413 shares during the last quarter. Diversified Trust Co raised its stake in shares of TJX Companies by 18.6% during the 3rd quarter. Diversified Trust Co now owns 21,505 shares of the apparel and home fashions retailer’s stock worth $2,528,000 after buying an additional 3,375 shares during the period. Miracle Mile Advisors LLC raised its stake in shares of TJX Companies by 21.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 14,758 shares of the apparel and home fashions retailer’s stock worth $1,735,000 after buying an additional 2,654 shares during the period. SignalPoint Asset Management LLC acquired a new position in TJX Companies in the 3rd quarter valued at $214,000. Finally, Versant Capital Management Inc grew its holdings in TJX Companies by 6.3% in the 3rd quarter. Versant Capital Management Inc now owns 2,701 shares of the apparel and home fashions retailer’s stock valued at $317,000 after buying an additional 159 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TJX. Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. TD Cowen raised their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Deutsche Bank Aktiengesellschaft upped their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $131.67.

TJX Companies Trading Up 0.7 %

NYSE:TJX opened at $125.24 on Wednesday. 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 $123.31 and its two-hundred day moving average is $118.39. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a market cap of $140.79 billion, a PE ratio of 29.47, a P/E/G 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 EPS for the quarter, beating 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 firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same period last year, the firm earned $1.03 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced 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 dividend yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

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.