The TJX Companies, Inc. (NYSE:TJX) Shares Sold by 44 Wealth Management LLC

44 Wealth Management LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,901 shares of the apparel and home fashions retailer’s stock after selling 1,352 shares during the quarter. 44 Wealth Management LLC’s holdings in TJX Companies were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of TJX. Howard Capital Management Group LLC grew its position in shares of TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after buying an additional 69,489 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of TJX Companies by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 92,404 shares of the apparel and home fashions retailer’s stock worth $10,861,000 after purchasing an additional 2,836 shares during the last quarter. McAdam LLC grew its stake in shares of TJX Companies by 7.7% during the third quarter. McAdam LLC now owns 7,446 shares of the apparel and home fashions retailer’s stock worth $875,000 after purchasing an additional 530 shares in the last quarter. International Assets Investment Management LLC increased its holdings in TJX Companies by 13,309.4% in the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after buying an additional 1,182,272 shares during the last quarter. Finally, Grimes & Company Inc. raised its stake in TJX Companies by 7.5% in the third quarter. Grimes & Company Inc. now owns 9,794 shares of the apparel and home fashions retailer’s stock valued at $1,151,000 after buying an additional 685 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TJX has been the topic of a number of research analyst reports. Evercore ISI raised their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Deutsche Bank Aktiengesellschaft lifted their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. UBS Group upped their target price on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $134.18.

TJX Companies Price Performance

Shares of NYSE TJX opened at $121.08 on Friday. 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 one year low of $92.35 and a one year high of $128.00. The firm has a market capitalization of $136.11 billion, a P/E ratio of 28.49, a PEG ratio of 2.75 and a beta of 0.91. The company’s fifty day moving average is $122.86 and its two-hundred day moving average is $119.48.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period last year, the firm earned $1.03 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts forecast 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. Shareholders 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 yield of 1.24%. TJX Companies’s payout ratio is 35.29%.

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.