Foster & Motley Inc. Sells 345 Shares of The TJX Companies, Inc. (NYSE:TJX)

Foster & Motley Inc. lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,720 shares of the apparel and home fashions retailer’s stock after selling 345 shares during the quarter. Foster & Motley Inc.’s holdings in TJX Companies were worth $2,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Invesco LLC grew its position in shares of TJX Companies by 5.6% during the fourth quarter. Invesco LLC now owns 5,934 shares of the apparel and home fashions retailer’s stock worth $717,000 after purchasing an additional 315 shares in the last quarter. Swedbank AB grew its position in shares of TJX Companies by 4.1% during the fourth quarter. Swedbank AB now owns 1,265,098 shares of the apparel and home fashions retailer’s stock worth $152,836,000 after purchasing an additional 50,184 shares in the last quarter. Orrstown Financial Services Inc. grew its position in shares of TJX Companies by 3.4% during the fourth quarter. Orrstown Financial Services Inc. now owns 12,126 shares of the apparel and home fashions retailer’s stock worth $1,465,000 after purchasing an additional 400 shares in the last quarter. Field & Main Bank grew its position in shares of TJX Companies by 2.7% during the fourth quarter. Field & Main Bank now owns 17,440 shares of the apparel and home fashions retailer’s stock worth $2,107,000 after purchasing an additional 460 shares in the last quarter. Finally, Nvest Financial LLC grew its position in shares of TJX Companies by 10.8% during the fourth quarter. Nvest Financial LLC now owns 23,126 shares of the apparel and home fashions retailer’s stock worth $2,794,000 after purchasing an additional 2,251 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX stock opened at $126.09 on Friday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. 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 firm has a market capitalization of $141.74 billion, a P/E ratio of 29.67, a P/E/G ratio of 3.04 and a beta of 0.91. The stock has a 50 day moving average price of $123.13 and a 200 day moving average price of $118.13.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analysts Set New Price Targets

Several research firms have weighed in on TJX. Jefferies Financial Group raised their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Guggenheim raised their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, TD Cowen raised their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $131.67.

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.