The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated cut its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,924 shares of the apparel and home fashions retailer’s stock after selling 1,350 shares during the period. Silver Oak Securities Incorporated’s holdings in TJX Companies were worth $1,444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Artemis Investment Management LLP grew its holdings in shares of TJX Companies by 59.2% during the 3rd quarter. Artemis Investment Management LLP now owns 53,354 shares of the apparel and home fashions retailer’s stock worth $6,271,000 after purchasing an additional 19,842 shares during the period. Brookstone Capital Management lifted its position in TJX Companies by 5.9% in the third 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 boosted its stake in TJX Companies by 17.6% during the third 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 worth $576,000 after buying an additional 734 shares during the period. Daymark Wealth Partners LLC increased its position in shares of TJX Companies by 12.9% during the third quarter. Daymark Wealth Partners LLC now owns 18,226 shares of the apparel and home fashions retailer’s stock valued at $2,142,000 after acquiring an additional 2,087 shares during the last quarter. Finally, CWM LLC raised its stake in shares of TJX Companies by 200.9% in the 3rd quarter. CWM LLC now owns 292,033 shares of the apparel and home fashions retailer’s stock valued at $34,326,000 after acquiring an additional 194,976 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TJX has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. UBS Group boosted their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. TD Cowen raised their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Robert W. Baird boosted their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $133.53.

TJX Companies Price Performance

TJX Companies stock opened at $126.20 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $123.27 and a 200-day simple moving average of $118.53. The stock has a market cap of $141.87 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 EPS. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid 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 dividend payout ratio is currently 35.29%.

TJX Companies Company 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.