The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Hartford Financial Management Inc.

Hartford Financial Management Inc. lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,392 shares of the apparel and home fashions retailer’s stock after selling 303 shares during the period. Hartford Financial Management Inc.’s holdings in TJX Companies were worth $1,618,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies in the third quarter valued at $29,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies during the 3rd quarter worth $29,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 1.5 %

Shares of NYSE TJX opened at $126.09 on Friday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The stock has a market capitalization of $141.74 billion, a PE ratio of 29.67, a P/E/G ratio of 3.04 and a beta of 0.91. 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 fifty day moving average of $123.13 and a 200-day moving average of $118.13.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 61.82% and a net margin of 8.63%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current 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 paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Wells Fargo & Company upped their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Jefferies Financial Group upped their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted 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. Finally, Evercore ISI lifted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies 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.