Wright Investors Service Inc. Cuts Position in The TJX Companies, Inc. (NYSE:TJX)

Wright Investors Service Inc. trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 8.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,276 shares of the apparel and home fashions retailer’s stock after selling 1,529 shares during the period. Wright Investors Service Inc.’s holdings in TJX Companies were worth $2,087,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Marcum Wealth LLC raised its holdings in TJX Companies by 11.3% in the fourth quarter. Marcum Wealth LLC now owns 6,736 shares of the apparel and home fashions retailer’s stock worth $814,000 after purchasing an additional 685 shares in the last quarter. Traveka Wealth LLC grew its position in shares of TJX Companies by 12.0% in the 4th quarter. Traveka Wealth LLC now owns 2,369 shares of the apparel and home fashions retailer’s stock worth $286,000 after buying an additional 254 shares during the last quarter. Unique Wealth LLC raised its stake in shares of TJX Companies by 9.3% during the 4th quarter. Unique Wealth LLC now owns 1,989 shares of the apparel and home fashions retailer’s stock worth $240,000 after acquiring an additional 170 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of TJX Companies by 6.8% during the fourth quarter. AdvisorNet Financial Inc now owns 2,301 shares of the apparel and home fashions retailer’s stock worth $278,000 after purchasing an additional 146 shares in the last quarter. Finally, Marion Wealth Management boosted its position in shares of TJX Companies by 1.9% in the 4th quarter. Marion Wealth Management now owns 21,273 shares of the apparel and home fashions retailer’s stock worth $2,570,000 after purchasing an additional 391 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on TJX. Robert W. Baird upped their target price on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. 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 report on Friday. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Finally, Jefferies Financial Group boosted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.33.

TJX Companies Trading Down 0.1 %

Shares of NYSE:TJX opened at $119.96 on Tuesday. The company has a market capitalization of $134.85 billion, a PE ratio of 28.23, a PEG ratio of 3.07 and a beta of 0.91. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The business has a 50 day moving average of $122.21 and a two-hundred day moving average of $117.27. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (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 firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. TJX Companies’s payout ratio is 35.29%.

About TJX Companies

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.