Evanson Asset Management LLC Decreases Stake in The TJX Companies, Inc. (NYSE:TJX)

Evanson Asset Management LLC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,684 shares of the apparel and home fashions retailer’s stock after selling 509 shares during the quarter. Evanson Asset Management LLC’s holdings in TJX Companies were worth $203,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new position in TJX Companies during the 3rd quarter valued at about $29,000. Truvestments Capital LLC bought a new position in TJX Companies during the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies in the 3rd quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies during the third quarter valued at approximately $30,000. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TJX. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft upped their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Wells Fargo & Company raised their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Jefferies Financial Group increased their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen boosted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Price Performance

Shares of TJX opened at $121.89 on Tuesday. The firm has a market cap of $137.03 billion, a PE ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The firm has a fifty day simple moving average of $122.56 and a two-hundred day simple moving average of $117.56.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period last year, the firm earned $1.03 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced 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. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 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.