Professional Advisory Services Inc. Decreases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Professional Advisory Services Inc. lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,352 shares of the apparel and home fashions retailer’s stock after selling 7,152 shares during the period. TJX Companies comprises 3.0% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 13th biggest position. Professional Advisory Services Inc.’s holdings in TJX Companies were worth $21,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in TJX Companies in the third quarter valued at $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies during the 3rd quarter worth about $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies during the third quarter worth approximately $30,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies during the third quarter worth approximately $30,000. Finally, Northwest Investment Counselors LLC acquired a new position in TJX Companies in the third quarter valued at approximately $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of TJX opened at $121.89 on Friday. The firm has a market capitalization of $137.03 billion, a PE ratio of 28.68, a P/E/G ratio of 2.94 and a beta of 0.91. The stock’s 50 day moving average is $122.48 and its two-hundred day moving average is $117.38. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced 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 return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business 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 dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Guggenheim upped their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. UBS Group upped their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Deutsche Bank Aktiengesellschaft upped their target price 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, Evercore ISI boosted their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.33.

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.