Sentry Investment Management LLC Reduces Position in The TJX Companies, Inc. (NYSE:TJX)

Sentry Investment Management LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 17.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,577 shares of the apparel and home fashions retailer’s stock after selling 945 shares during the period. Sentry Investment Management LLC’s holdings in TJX Companies were worth $553,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC bought a new position in shares of TJX Companies during the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies during the 4th quarter valued at $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the third quarter worth $30,000. Finally, Truvestments Capital LLC bought a new stake in shares of TJX Companies during the third quarter worth $29,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.2 %

Shares of NYSE TJX opened at $121.35 on Tuesday. The business has a fifty day moving average price of $122.81 and a 200 day moving average price of $119.72. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year 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. The stock has a market capitalization of $136.42 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Ratings Changes

A number of research analysts have recently commented on TJX shares. 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 report on Tuesday, January 21st. 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 note on Friday, January 10th. Robert W. Baird lifted their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Evercore ISI boosted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.18.

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.