Jennison Associates LLC Sells 158,381 Shares of The TJX Companies, Inc. (NYSE:TJX)

Jennison Associates LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,878,619 shares of the apparel and home fashions retailer’s stock after selling 158,381 shares during the period. Jennison Associates LLC owned about 0.61% of TJX Companies worth $831,006,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the third quarter worth $29,000. Truvestments Capital LLC acquired a new stake in TJX Companies during the third quarter worth $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies in the 3rd quarter valued at $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Down 1.0 %

TJX stock opened at $124.83 on Monday. 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 TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The company has a market cap of $140.33 billion, a P/E ratio of 29.37, a PEG ratio of 3.05 and a beta of 0.91. The business has a fifty day moving average of $123.32 and a 200-day moving average of $118.31.

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 for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the business posted $1.03 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 35.29%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TJX shares. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. Morgan Stanley increased their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Evercore ISI increased their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Guggenheim lifted their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus 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.