The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Empower Advisory Group LLC

Empower Advisory Group LLC decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 154,294 shares of the apparel and home fashions retailer’s stock after selling 1,715 shares during the period. Empower Advisory Group LLC’s holdings in TJX Companies were worth $18,640,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Hartford Funds Management Co LLC increased its stake in TJX Companies by 0.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after purchasing an additional 86 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its position in shares of TJX Companies by 3.4% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock valued at $318,000 after acquiring an additional 90 shares during the period. Hamilton Capital LLC raised its stake in TJX Companies by 3.9% in the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock worth $273,000 after acquiring an additional 90 shares during the last quarter. Breakwater Capital Group lifted its position in TJX Companies by 1.2% during the 4th quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer’s stock worth $930,000 after acquiring an additional 91 shares during the period. Finally, Capital Investment Advisory Services LLC grew its stake in TJX Companies by 1.0% during the 4th quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer’s stock valued at $1,060,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TJX shares. Morgan Stanley raised their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Robert W. Baird raised their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, TD Cowen increased their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $133.53.

TJX Companies Stock Down 1.2 %

Shares of TJX opened at $124.33 on Tuesday. 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 firm has a market cap of $139.77 billion, a P/E ratio of 29.25, a PEG ratio of 2.82 and a beta of 0.91. The stock’s 50 day moving average is $123.17 and its two-hundred day moving average is $119.19. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share 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 analysts’ expectations of $13.95 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed 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 1.21%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

TJX Companies 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.