Everence Capital Management Inc. Has $3.44 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Everence Capital Management Inc. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX) by 24.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,443 shares of the apparel and home fashions retailer’s stock after selling 9,100 shares during the period. Everence Capital Management Inc.’s holdings in TJX Companies were worth $3,436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in TJX. GAMMA Investing LLC raised its holdings in TJX Companies by 10.0% in the 4th quarter. GAMMA Investing LLC now owns 19,965 shares of the apparel and home fashions retailer’s stock valued at $2,412,000 after acquiring an additional 1,813 shares in the last quarter. Versant Capital Management Inc increased its position in shares of TJX Companies by 36.9% in the fourth quarter. Versant Capital Management Inc now owns 3,699 shares of the apparel and home fashions retailer’s stock worth $447,000 after purchasing an additional 998 shares during the period. Principal Financial Group Inc. increased its position in shares of TJX Companies by 3.6% in the third quarter. Principal Financial Group Inc. now owns 1,964,220 shares of the apparel and home fashions retailer’s stock worth $230,874,000 after purchasing an additional 69,064 shares during the period. SMART Wealth LLC acquired a new position in TJX Companies in the third quarter valued at about $229,000. Finally, Lord Abbett & CO. LLC lifted its position in TJX Companies by 0.6% during the third quarter. Lord Abbett & CO. LLC now owns 750,090 shares of the apparel and home fashions retailer’s stock worth $88,166,000 after purchasing an additional 4,632 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Up 0.2 %

Shares of TJX stock traded up $0.19 during trading hours on Friday, hitting $121.34. 632,528 shares of the company’s stock traded hands, compared to its average volume of 1,987,285. The stock has a market cap of $136.41 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 3.07 and a beta of 0.90. The stock’s 50 day simple moving average is $121.17 and its 200 day simple moving average is $116.68. 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 TJX Companies, Inc. has a 12 month low of $91.31 and a 12 month high of $128.00.

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. The firm had revenue of $14.06 billion for 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 business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TJX shares. Evercore ISI boosted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. 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. Robert W. Baird raised their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.89.

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.