Beaumont Financial Advisors LLC Lowers Stake in The TJX Companies, Inc. (NYSE:TJX)

Beaumont Financial Advisors LLC lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,321 shares of the apparel and home fashions retailer’s stock after selling 1,174 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in TJX Companies were worth $4,630,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TJX. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies during the fourth quarter valued at $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies in the third quarter worth approximately $30,000. Truvestments Capital LLC purchased a new position in TJX Companies during the 3rd quarter valued at $29,000. Finally, Copeland Capital Management LLC purchased a new stake in TJX Companies in the third quarter worth $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TJX. Evercore ISI lifted their price objective 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. Guggenheim boosted their price target 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. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Jefferies Financial Group lifted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Stock Up 1.1 %

TJX stock opened at $123.23 on Wednesday. The firm has a market cap of $138.52 billion, a PE ratio of 28.99, a PEG ratio of 2.98 and a beta of 0.91. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm’s 50 day moving average price is $122.64 and its 200-day moving average price is $117.64.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm 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 1.22%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

TJX Companies 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.