Harvey Investment Co. LLC Sells 3,400 Shares of The TJX Companies, Inc. (NYSE:TJX)

Harvey Investment Co. LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 373,816 shares of the apparel and home fashions retailer’s stock after selling 3,400 shares during the quarter. TJX Companies makes up 5.2% of Harvey Investment Co. LLC’s investment portfolio, making the stock its 3rd largest holding. Harvey Investment Co. LLC’s holdings in TJX Companies were worth $45,161,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP grew its position in shares of TJX Companies by 59.2% in the third quarter. Artemis Investment Management LLP now owns 53,354 shares of the apparel and home fashions retailer’s stock valued at $6,271,000 after purchasing an additional 19,842 shares during the last quarter. Brookstone Capital Management grew its holdings in TJX Companies by 5.9% in the 3rd quarter. Brookstone Capital Management now owns 13,113 shares of the apparel and home fashions retailer’s stock valued at $1,541,000 after buying an additional 733 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in TJX Companies by 17.6% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,903 shares of the apparel and home fashions retailer’s stock valued at $576,000 after buying an additional 734 shares during the last quarter. Daymark Wealth Partners LLC increased its position in TJX Companies by 12.9% in the 3rd quarter. Daymark Wealth Partners LLC now owns 18,226 shares of the apparel and home fashions retailer’s stock worth $2,142,000 after buying an additional 2,087 shares during the period. Finally, CWM LLC lifted its holdings in shares of TJX Companies by 200.9% during the third quarter. CWM LLC now owns 292,033 shares of the apparel and home fashions retailer’s stock worth $34,326,000 after buying an additional 194,976 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.5 %

Shares of NYSE:TJX opened at $126.20 on Friday. The company has a market capitalization of $141.87 billion, a PE ratio of 29.69, a P/E/G ratio of 3.05 and a beta of 0.91. 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 company’s fifty day moving average is $123.27 and its 200-day moving average is $118.59. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00.

TJX Companies (NYSE:TJX) last released its quarterly 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. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 earnings per share. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.19%. TJX Companies’s payout ratio is 35.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TJX shares. Evercore ISI raised their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Robert W. Baird boosted their price objective 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. Wells Fargo & Company increased their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.53.

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.