New York Life Investment Management LLC Sells 155 Shares of The TJX Companies, Inc. (NYSE:TJX)

New York Life Investment Management LLC cut its position in The TJX Companies, Inc. (NYSE:TJX) by 0.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,486 shares of the apparel and home fashions retailer’s stock after selling 155 shares during the quarter. New York Life Investment Management LLC’s holdings in TJX Companies were worth $20,234,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Nwam LLC raised its holdings in TJX Companies by 2.0% in the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock valued at $524,000 after acquiring an additional 84 shares in the last quarter. GenTrust LLC raised its holdings in TJX Companies by 8.3% in the 4th quarter. GenTrust LLC now owns 3,539 shares of the apparel and home fashions retailer’s stock valued at $428,000 after acquiring an additional 271 shares in the last quarter. Cable Hill Partners LLC raised its holdings in TJX Companies by 6.6% in the 4th quarter. Cable Hill Partners LLC now owns 3,196 shares of the apparel and home fashions retailer’s stock valued at $386,000 after acquiring an additional 197 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in TJX Companies in the 4th quarter valued at $53,000. Finally, NewEdge Wealth LLC raised its holdings in TJX Companies by 4.3% in the 4th quarter. NewEdge Wealth LLC now owns 87,811 shares of the apparel and home fashions retailer’s stock valued at $10,608,000 after acquiring an additional 3,626 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TJX. TD Cowen lifted their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a report on Wednesday, February 19th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Guggenheim boosted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company boosted their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.18.

TJX Companies Trading Up 1.7 %

Shares of TJX stock opened at $124.80 on Thursday. The firm has a market capitalization of $140.29 billion, a P/E ratio of 29.36, a P/E/G ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $122.87 and its 200 day simple moving average is $119.84.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. TJX Companies’s dividend payout ratio (DPR) is presently 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.