Cacti Asset Management LLC Cuts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Cacti Asset Management LLC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the apparel and home fashions retailer’s stock after selling 1,000 shares during the quarter. Cacti Asset Management LLC’s holdings in TJX Companies were worth $121,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in TJX Companies during the third quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies during the 3rd quarter valued at $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies in the 3rd quarter worth $30,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies during the 3rd quarter valued at about $30,000. Finally, Northwest Investment Counselors LLC purchased a new stake in TJX Companies in the third quarter valued at about $37,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of NYSE:TJX traded up $0.93 on Thursday, reaching $121.74. The company’s stock had a trading volume of 878,263 shares, compared to its average volume of 5,250,537. The stock has a market capitalization of $136.85 billion, a P/E ratio of 28.64, a PEG ratio of 3.07 and a beta of 0.90. The TJX Companies, Inc. has a 52-week low of $91.31 and a 52-week high of $128.00. The stock’s 50-day moving average is $121.03 and its two-hundred day moving average is $116.65. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping 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 quarter in the prior year, the firm earned $1.03 EPS. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TJX. 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. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. TD Cowen increased their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. 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. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $130.89.

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.