Kwmg LLC Sells 2,401 Shares of The TJX Companies, Inc. (NYSE:TJX)

Kwmg LLC trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,418 shares of the apparel and home fashions retailer’s stock after selling 2,401 shares during the quarter. Kwmg LLC’s holdings in TJX Companies were worth $8,024,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. State Street Corp lifted its position in TJX Companies by 1.0% during the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock worth $5,589,783,000 after buying an additional 469,287 shares in the last quarter. Geode Capital Management LLC grew its stake in TJX Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock valued at $2,795,121,000 after buying an additional 363,707 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in TJX Companies by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after purchasing an additional 3,063,318 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 acquiring an additional 643,833 shares during the period. Finally, Franklin Resources Inc. raised 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 buying an additional 657,529 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on TJX shares. TD Cowen raised their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Robert W. Baird increased their target price on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Evercore ISI increased their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Trading Down 0.1 %

Shares of TJX Companies stock traded down $0.10 on Monday, reaching $119.96. 2,648,175 shares of the company’s stock were exchanged, compared to its average volume of 4,225,676. 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 TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The firm’s 50-day moving average is $122.06 and its two-hundred day moving average is $117.21. The company has a market capitalization of $134.85 billion, a P/E ratio of 28.23, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the company posted $1.03 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm 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 $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.25%. TJX Companies’s payout ratio is 35.29%.

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.