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

Procyon Advisors LLC cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 42,526 shares of the apparel and home fashions retailer’s stock after selling 2,631 shares during the period. Procyon Advisors LLC’s holdings in TJX Companies were worth $5,138,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Axxcess Wealth Management LLC lifted its holdings in TJX Companies by 15.4% in the 2nd quarter. Axxcess Wealth Management LLC now owns 16,397 shares of the apparel and home fashions retailer’s stock worth $1,805,000 after buying an additional 2,186 shares in the last quarter. E Fund Management Co. Ltd. acquired a new position in shares of TJX Companies in the second quarter worth about $521,000. Mercer Global Advisors Inc. ADV boosted its holdings in TJX Companies by 6.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 201,300 shares of the apparel and home fashions retailer’s stock valued at $22,163,000 after purchasing an additional 11,430 shares during the last quarter. Argent Trust Co boosted its holdings in TJX Companies by 9.9% in the second quarter. Argent Trust Co now owns 24,150 shares of the apparel and home fashions retailer’s stock valued at $2,659,000 after purchasing an additional 2,175 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in TJX Companies by 8.3% during the 2nd quarter. Blair William & Co. IL now owns 286,189 shares of the apparel and home fashions retailer’s stock valued at $31,509,000 after purchasing an additional 21,894 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 1.9 %

TJX Companies stock opened at $121.42 on Friday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. 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 firm has a market capitalization of $136.49 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.94 and a beta of 0.91. The firm has a 50-day moving average price of $122.39 and a two-hundred day moving average price of $117.35.

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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company increased their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. TD Cowen boosted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Jefferies Financial Group boosted their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $131.33.

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.