Buckingham Capital Management Inc. Decreases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Buckingham Capital Management Inc. trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 37.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,424 shares of the apparel and home fashions retailer’s stock after selling 23,374 shares during the period. Buckingham Capital Management Inc.’s holdings in TJX Companies were worth $4,763,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in TJX. Creative Planning raised its holdings in shares of TJX Companies by 5.5% during the third quarter. Creative Planning now owns 323,654 shares of the apparel and home fashions retailer’s stock valued at $38,042,000 after purchasing an additional 16,883 shares during the last quarter. Howard Capital Management Group LLC increased its holdings in TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after buying an additional 69,489 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in TJX Companies by 9.4% during the third quarter. Capital Investment Advisors LLC now owns 2,669 shares of the apparel and home fashions retailer’s stock valued at $314,000 after buying an additional 230 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in TJX Companies by 1.9% during the third quarter. Commonwealth Equity Services LLC now owns 363,323 shares of the apparel and home fashions retailer’s stock valued at $42,705,000 after buying an additional 6,607 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its holdings in TJX Companies by 7.8% during the third quarter. Resonant Capital Advisors LLC now owns 3,167 shares of the apparel and home fashions retailer’s stock valued at $372,000 after buying an additional 230 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of research reports. Evercore ISI upped their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Morgan Stanley upped their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Robert W. Baird upped their target price on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Price Performance

TJX stock opened at $124.33 on Tuesday. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week 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 company has a fifty day simple moving average of $123.17 and a two-hundred day simple moving average of $119.19. The firm has a market capitalization of $139.77 billion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last year, the business earned $1.03 earnings per share. TJX Companies’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts anticipate 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 announced 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 1.21%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

TJX Companies Company Profile

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.