Argus Investors Counsel Inc. Sells 1,200 Shares of The TJX Companies, Inc. (NYSE:TJX)

Argus Investors Counsel Inc. lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 13.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,915 shares of the apparel and home fashions retailer’s stock after selling 1,200 shares during the quarter. Argus Investors Counsel Inc.’s holdings in TJX Companies were worth $956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Czech National Bank grew its holdings in TJX Companies by 6.7% in the 3rd quarter. Czech National Bank now owns 230,223 shares of the apparel and home fashions retailer’s stock valued at $27,060,000 after buying an additional 14,413 shares during the last quarter. Callan Family Office LLC bought a new position in TJX Companies during the third quarter worth $289,000. Alpha Cubed Investments LLC raised its stake in TJX Companies by 27.4% during the 3rd quarter. Alpha Cubed Investments LLC now owns 2,485 shares of the apparel and home fashions retailer’s stock valued at $292,000 after purchasing an additional 535 shares during the last quarter. Evanson Asset Management LLC bought a new stake in TJX Companies in the 3rd quarter valued at $258,000. Finally, Atomi Financial Group Inc. grew its position in TJX Companies by 10.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 9,139 shares of the apparel and home fashions retailer’s stock worth $1,074,000 after purchasing an additional 875 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $125.53 on Thursday. The business has a fifty day moving average of $123.27 and a 200-day moving average of $118.53. 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 TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The firm has a market cap of $141.11 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $1.03 earnings per share. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company 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. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. TJX Companies’s payout ratio is currently 35.29%.

Analyst Ratings Changes

Several research firms recently weighed in on TJX. 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. Robert W. Baird lifted their price objective on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $133.53.

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.