The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 10.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,440 shares of the apparel and home fashions retailer’s stock after selling 525 shares during the period. Sargent Investment Group LLC’s holdings in TJX Companies were worth $532,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TJX. Czech National Bank raised its stake in TJX Companies by 6.7% during the 3rd quarter. Czech National Bank now owns 230,223 shares of the apparel and home fashions retailer’s stock worth $27,060,000 after acquiring an additional 14,413 shares in the last quarter. Diversified Trust Co raised its stake in TJX Companies by 18.6% during the 3rd quarter. Diversified Trust Co now owns 21,505 shares of the apparel and home fashions retailer’s stock worth $2,528,000 after acquiring an additional 3,375 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in TJX Companies by 21.9% during the 3rd quarter. Miracle Mile Advisors LLC now owns 14,758 shares of the apparel and home fashions retailer’s stock worth $1,735,000 after acquiring an additional 2,654 shares in the last quarter. SignalPoint Asset Management LLC acquired a new stake in TJX Companies during the 3rd quarter worth $214,000. Finally, Versant Capital Management Inc raised its stake in TJX Companies by 6.3% during the 3rd quarter. Versant Capital Management Inc now owns 2,701 shares of the apparel and home fashions retailer’s stock worth $317,000 after acquiring an additional 159 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.7 %

Shares of NYSE TJX opened at $125.24 on Wednesday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The company has a market capitalization of $140.79 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91. 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 firm’s 50-day moving average is $123.31 and its two-hundred day moving average is $118.39.

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 (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Equities analysts anticipate 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. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Morgan Stanley lifted their price target 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. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. Guggenheim raised their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Robert W. Baird lifted their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.