Bryn Mawr Capital Management LLC Lowers Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Bryn Mawr Capital Management LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 87.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,173 shares of the apparel and home fashions retailer’s stock after selling 102,035 shares during the period. Bryn Mawr Capital Management LLC’s holdings in TJX Companies were worth $1,712,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Howard Capital Management Group LLC lifted its holdings in TJX Companies by 42.9% in the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after acquiring an additional 69,489 shares during the period. Private Advisor Group LLC increased its holdings in shares of TJX Companies by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 92,404 shares of the apparel and home fashions retailer’s stock valued at $10,861,000 after purchasing an additional 2,836 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in shares of TJX Companies by 32.8% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 4,294 shares of the apparel and home fashions retailer’s stock valued at $505,000 after purchasing an additional 1,060 shares during the period. Courier Capital LLC purchased a new stake in TJX Companies during the third quarter worth about $2,614,000. Finally, Wallington Asset Management LLC grew its position in TJX Companies by 2.7% during the third quarter. Wallington Asset Management LLC now owns 273,026 shares of the apparel and home fashions retailer’s stock worth $32,091,000 after buying an additional 7,245 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.3 %

Shares of NYSE TJX opened at $123.04 on Friday. The firm has a market cap of $138.31 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91. 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 TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The firm’s 50 day moving average price is $122.93 and its 200 day moving average price is $119.40.

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 (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TJX shares. TD Cowen lifted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Guggenheim upped their target price 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 research report on Thursday, November 21st. Finally, Robert W. Baird boosted their price objective 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. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.18.

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.