The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 56.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,326 shares of the apparel and home fashions retailer’s stock after selling 4,376 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in TJX Companies were worth $402,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TJX. First Trust Direct Indexing L.P. boosted its position in shares of TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after purchasing an additional 5,207 shares during the period. Courier Capital LLC grew its position in shares of TJX Companies by 55.1% during the fourth quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock worth $4,166,000 after acquiring an additional 12,247 shares during the last quarter. Board of the Pension Protection Fund purchased a new position in shares of TJX Companies during the fourth quarter worth approximately $713,000. Miracle Mile Advisors LLC increased its holdings in shares of TJX Companies by 43.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock valued at $2,549,000 after acquiring an additional 6,344 shares during the period. Finally, Unigestion Holding SA purchased a new stake in TJX Companies in the 3rd quarter valued at $22,684,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TJX. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Finally, UBS Group upped their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Stock Performance

NYSE TJX opened at $123.86 on Monday. The company has a market capitalization of $139.24 billion, a P/E ratio of 29.13, a PEG ratio of 3.00 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The business has a 50 day moving average price of $122.84 and a 200 day moving average price of $117.94.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid 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 1.21%. TJX Companies’s payout ratio is currently 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.