Horan Capital Advisors LLC. Has $4.96 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Horan Capital Advisors LLC. reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 1.5% during the fourth quarter, HoldingsChannel reports. The firm owned 41,036 shares of the apparel and home fashions retailer’s stock after selling 609 shares during the period. TJX Companies comprises approximately 1.7% of Horan Capital Advisors LLC.’s portfolio, making the stock its 17th largest holding. Horan Capital Advisors LLC.’s holdings in TJX Companies were worth $4,958,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies in the 3rd quarter valued at $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at $29,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at $30,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

Shares of TJX stock opened at $123.32 on Tuesday. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The firm has a 50-day moving average of $123.01 and a 200-day moving average of $120.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market cap of $138.63 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.75 and a beta of 0.91.

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

TJX Companies Announces Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. TJX Companies’s dividend payout ratio is presently 35.21%.

Insiders Place Their Bets

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TJX shares. Robert W. Baird upped their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft increased their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays increased their target price on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley increased their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

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.