The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Bfsg LLC

Bfsg LLC lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,768 shares of the apparel and home fashions retailer’s stock after selling 1,498 shares during the quarter. Bfsg LLC’s holdings in TJX Companies were worth $6,858,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Beta Wealth Group Inc. acquired a new position in TJX Companies in the 4th quarter valued at $701,000. Braun Stacey Associates Inc. boosted its position in shares of TJX Companies by 3.6% during the 4th quarter. Braun Stacey Associates Inc. now owns 233,355 shares of the apparel and home fashions retailer’s stock valued at $28,192,000 after acquiring an additional 8,086 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of TJX Companies by 7.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 64,639 shares of the apparel and home fashions retailer’s stock valued at $7,809,000 after buying an additional 4,416 shares during the period. Provident Trust Co. increased its stake in TJX Companies by 71.3% during the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer’s stock worth $328,984,000 after acquiring an additional 1,133,486 shares during the last quarter. Finally, GAM Holding AG acquired a new stake in shares of TJX Companies during the 4th quarter worth about $1,167,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Down 1.2 %

TJX stock opened at $124.33 on Tuesday. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company’s 50 day moving average price is $123.17 and its 200 day moving average price is $119.19. 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 firm has a market capitalization of $139.77 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.82 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TJX shares. Evercore ISI boosted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Jefferies Financial Group boosted their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. 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 note on Friday, January 10th. Finally, Morgan Stanley increased their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

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.