Great Diamond Partners LLC Sells 218 Shares of The TJX Companies, Inc. (NYSE:TJX)

Great Diamond Partners LLC lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.3% in the fourth quarter, HoldingsChannel reports. The fund owned 9,435 shares of the apparel and home fashions retailer’s stock after selling 218 shares during the period. Great Diamond Partners LLC’s holdings in TJX Companies were worth $1,140,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in TJX Companies by 1.0% in the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after purchasing an additional 469,287 shares during the period. Geode Capital Management LLC increased its position in TJX Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock worth $2,795,121,000 after buying an additional 363,707 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of TJX Companies by 7.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock worth $1,079,319,000 after buying an additional 643,833 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of TJX Companies by 9.9% in the third quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock valued at $837,951,000 after acquiring an additional 657,529 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of TJX Companies by 13.3% in the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock valued at $850,428,000 after acquiring an additional 827,103 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $124.83 on Friday. The company’s 50 day moving average price is $123.25 and its two-hundred day moving average price is $118.18. The firm has a market capitalization of $140.33 billion, a P/E ratio of 29.37, a P/E/G ratio of 3.04 and a beta of 0.91. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the business posted $1.03 EPS. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TJX shares. UBS Group lifted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Wells Fargo & Company lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $131.67.

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.