Norden Group LLC Decreases Stake in The TJX Companies, Inc. (NYSE:TJX)

Norden Group LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,775 shares of the apparel and home fashions retailer’s stock after selling 191 shares during the period. Norden Group LLC’s holdings in TJX Companies were worth $456,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $74,000. Smartleaf Asset Management LLC grew its position in shares of TJX Companies by 22.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 19,766 shares of the apparel and home fashions retailer’s stock worth $2,394,000 after buying an additional 3,619 shares during the last quarter. Purkiss Capital Advisors LLC bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $267,000. Capital Wealth Planning LLC grew its position in shares of TJX Companies by 39.1% in the 4th quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer’s stock worth $441,953,000 after buying an additional 1,027,456 shares during the last quarter. Finally, Richard W. Paul & Associates LLC grew its position in shares of TJX Companies by 476.6% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,243 shares of the apparel and home fashions retailer’s stock worth $271,000 after buying an additional 1,854 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TJX shares. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft lifted their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, TD Cowen lifted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Stock Down 1.2 %

TJX stock opened at $123.32 on Tuesday. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The business has a fifty day moving average price of $123.01 and a 200-day moving average price of $120.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a market capitalization of $138.63 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.75 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.21%.

Insider Transactions at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

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.